TechFlow News, March 16: According to a PRNewswire announcement, Ironlight Group, a developer of tokenized securities infrastructure, has completed a $21 million Series A funding round. The round included participation from seasoned executives in Wall Street and financial services, including Greg Braca, former President and CEO of TD Bank, as well as institutional investors such as the Sei Development Foundation and Laidlaw Private Equity.
Proceeds from the financing will be used to expand Ironlight Group’s two core business units: Ironlight Markets’ Alternative Trading System (ATS), which integrates securities issuance, distribution, and trading capabilities and operates in compliance with U.S. Securities and Exchange Commission (SEC) ATS regulations and the Financial Industry Regulatory Authority (FINRA) regulatory framework; and Ironlight Technologies, which provides platforms and settlement services for tokenized securities.
