Ironlight Group has raised $21 million in a Series A funding round to expand infrastructure for tokenized securities, positioning itself at the intersection of traditional finance and blockchain.
The investment was led by former TD Bank CEO Greg Braca, alongside institutional backers Sei Development Foundation and Laidlaw Private Equity.
Proceeds will accelerate development of Ironlight Markets, a regulated alternative trading system operating under SEC Regulation ATS and FINRA oversight. The platform supports tokenized private equity, fixed income, structured products, private credit, and real estate.
The system merges traditional brokerage workflows with blockchain-based settlement to streamline post-trade operations for institutional investors.
CEO Rob McGrath emphasized the goal is modernizing capital markets infrastructure without compromising regulatory compliance.
Demand for tokenized assets is surging. The on-chain tokenized equity market has surpassed $1 billion, with Ondo Finance and xStocks dominating early share. Kraken now offers over 50 tokenized stocks and ETFs internationally, while NYSE’s parent company explores 24/7 blockchain-based trading.
Investors say the bottleneck is no longer tokenization-but building compliant rails trusted by major financial institutions.