Ironlight Markets, a FINRA-registered broker-dealer and subsidiary of Ironlight Group Inc., said it received regulatory approval to operate an alternative trading system (ATS) for both traditional and tokenized securities, including real-world assets (RWA).
The authorization makes Ironlight one of the few U.S.-regulated platforms cleared to trade digital asset securities and the only one capable of atomic onchain settlement, in which trades clear and settle instantly.
“FINRA’s approval confirms Ironlight’s leadership in building the first open-access, institutional-grade marketplace for tokenized assets,” Robert McGrath, CEO of Ironlight Group, said in a statement.
“By delivering atomic settlement and sub-20 microsecond trade matching, we’re removing friction from the legacy clearing process and creating a direct bridge between the U.S. financial system and blockchain technology.”
Ironlight’s ATS integrates a centralized order book with atomic onchain settlement, enabling real-time trading and clearing.
The system allows banks, brokers and registered investment advisers to connect via FIX or API interfaces, bringing blockchain efficiency to regulated markets.
With approval secured, Ironlight plans to start the platform with institutional participants across private credit, venture capital and alternative investments.
The firm aims to expand access, partner with regulated custodians and accelerate adoption of tokenized infrastructure in global finance.
Read more: TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval
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Will Canny
https://www.coindesk.com/policy/2025/10/29/ironlight-wins-finra-approval-for-first-u-s-regulated-ats-with-onchain-atomic-settlement
2025-10-29 12:00:00
