Ironlight Markets Receives Approval to Operate Alternative Trading System

According to PANews, Ironlight Markets has been granted approval by FINRA to operate an alternative trading system (ATS) that facilitates the trading of both traditional and tokenized securities, including real-world assets (RWA). The platform offers atomic-level on-chain instant clearing and settlement, integrating a centralized order book with on-chain settlement. It provides matching speeds of less than 20 microseconds and is designed for institutions such as banks, broker-dealers, and registered investment advisors, supporting FIX and API connections. Ironlight Markets plans to initially focus on private credit, venture capital, and alternative assets, collaborating with compliant custodians to expand the regulated tokenized market.