Ironlight Raises $12 Million To Tokenize Private Securities

According to PANews, Ironlight, a Real World Asset (RWA) market, has successfully raised $12 million in funding, with a significant portion coming from individual investors with Wall Street backgrounds. Ironlight was founded by the former global trading heads of Schroders and the Abu Dhabi Sovereign Wealth Fund ADIA. The former CEO of TD Bank serves as an advisor to the company. Ironlight aims to tokenize private securities that typically lack liquidity, such as real estate, natural resources, fine art, public infrastructure, and private equity. The company's goal is to become a tokenized RWA market regulated by the U.S. Securities and Exchange Commission (SEC). The development of the exchange is in its final stages, and Ironlight has applied to the financial regulatory authority to become a regulated proprietary broker. It is expected to receive approval in the coming months, after which it will initiate the SEC registration process.