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FINRA-registered · October 2025

The first U.S. regulated ATS with atomic on-chain settlement

Ironlight operates a FINRA-registered Alternative Trading System for traditional and tokenized securities, with trade matching in under 20 microseconds and instant on-chain settlement under SEC Regulation ATS.

Schedule a demo → How it works
Backed by
Greg Braca
Former CEO, TD Bank
Sei Development
Foundation
Laidlaw
Private Equity
Supported Asset Classes

Tokenized securities across private and alternative markets

Ironlight's ATS supports issuance and trading of tokenized securities spanning five major asset classes.

Private Equity

Private Credit

Fixed Income

Structured Products

Real Estate

Alternative Trading System

Centralized order book. On-chain settlement.

Ironlight Markets operates a FINRA-registered ATS that integrates a traditional centralized order book with atomic on-chain settlement, enabling real-time trading and clearing in a single event.

  • Trade matching in under 20 microseconds Institutional-grade matching engine for traditional and tokenized securities.
  • FIX and API connectivity Banks, brokers, and registered investment advisers connect via FIX or REST API.
  • SEC Regulation ATS Operated by Ironlight Markets, LLC (CRD 330576) under FINRA oversight.
  • Continuous trading and RFQ Multiple market structures for liquid and illiquid asset classes.

Live order book preview

Price
Size
Total
$24.12
15,000
361,800
$24.08
8,500
204,680
$24.05
12,000
288,600
Spread $0.03
$24.02
9,200
220,984
$24.00
18,500
444,000
$23.95
11,300
270,635
Match latency
<20μs
Atomic On-Chain Settlement

Clear and settle in a single event.

Ironlight is the only U.S. platform capable of atomic on-chain settlement, where trades clear and settle directly on the blockchain in a single atomic event — eliminating the need for traditional T+2 clearing intermediaries.

  • T+0 clearing Simultaneous delivery versus payment in a single on-chain transaction.
  • Settlement contracts Buyer and seller approve settlement; smart contracts atomically swap tokens for stablecoin.
  • Blockchain-agnostic architecture Settlement layer supports multiple blockchain networks for issuer flexibility.
  • USDC and fiat settlement Multiple settlement currencies aligned with institutional treasury workflows.

Settlement Flow

1
Trade Matched
Order book matches buyer and seller
2
Settlement Instructions
Both parties receive on-chain instructions
3
Approval
Each party approves via wallet signature
4
Atomic Settlement
Tokens and stablecoin swap simultaneously
Token Issuance

Compliant issuance under U.S. securities rules.

Ironlight Markets supports the issuance and lifecycle management of tokenized securities within the U.S. regulatory perimeter — including M&A advisory and private placements.

  • Private placements Ironlight Markets, LLC is authorized to conduct private placements under U.S. securities rules.
  • M&A advisory services Registered broker-dealer capabilities for advisory engagements.
  • Lifecycle management End-to-end support for issuance, distribution, and ongoing trading of tokenized securities.
  • Integrated cap table Transfer agent capabilities for compliant ownership records and corporate actions.

Issuance Stack

Registration
Reg D / Reg S
Token Standard
Compliant
Investor KYC
Integrated
Cap Table
On-chain
Connectivity
FIX 4.4
Settlement
USDC
<20μs
Trade matching latency
T+0
On-chain settlement
2M+
Messages per second capacity
5
Supported asset classes
Platform Capabilities

Built on traditional rails. Powered by blockchain.

Ironlight Technologies provides the platform and settlement infrastructure that connects regulated market structure with blockchain-native settlement.

Centralized order book

Traditional market microstructure with continuous trading and RFQ capabilities for institutional liquidity formation.

On-chain settlement layer

Atomic settlement contracts swap tokens for stablecoin in a single transaction — eliminating counterparty risk.

Regulatory compliance

Operated under SEC Regulation ATS with FINRA oversight. Built within the U.S. regulatory perimeter.

Institutional integrations

Banks, brokers, and RIAs connect via FIX 4.4 or REST API using existing order management systems.

Multi-chain support

Blockchain-agnostic architecture allows issuers to deploy on the network most appropriate for their asset class.

Lifecycle management

Issuance, distribution, secondary trading, corporate actions, and reporting in one regulated environment.

Regulated entities and standing

Broker-Dealer
Ironlight Markets, LLC
CRD Number
330576
Regulator
FINRA Member
ATS Authority
SEC Regulation ATS
Approval Date
October 2025
Approved Activities
ATS, Private Placements, M&A

Connect to regulated infrastructure.

Schedule a conversation with our team to discuss ATS connectivity, token issuance, or platform integration for your institution.

Schedule a demo →
Ironlight Markets, LLC (CRD 330576) is a registered broker-dealer and FINRA member operating an Alternative Trading System under SEC Regulation ATS. Ironlight Markets is a wholly owned subsidiary of Ironlight Group Inc. Ironlight Technologies provides the platform and settlement infrastructure for tokenized securities.
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Ironlight - Tokenized Assets
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GET IN TOUCH
Ironlight - Tokenized Assets
GET IN TOUCH

Regulated infrastructure for tokenized securities. Combining traditional market structure with atomic on-chain settlement, within U.S. regulatory frameworks.

Ironlight Group Inc. 601 Congress Ave. #750
Austin, TX 78701
info@ironlight.io
+1 (646) 944-0005

Platform

  • Overview
  • ATS
  • Atomic Settlement
  • Investor Portal

Solutions

  • Overview
  • Tokenization
  • Secondary Trading
  • Placement Agent

Company

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  • Contact
  • Careers

Connect

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Regulatory Disclosure

Ironlight Markets, LLC (CRD 330576) is a registered broker-dealer and FINRA member operating an Alternative Trading System under SEC Regulation ATS. Ironlight Markets is a wholly owned subsidiary of Ironlight Group Inc. Ironlight Technologies provides the platform and settlement infrastructure for tokenized securities. The information contained on this website is for informational purposes only and does not constitute investment advice or an offer to buy or sell securities. Securities offered through Ironlight Markets, LLC are available only to qualified investors in jurisdictions where Ironlight Markets is authorized to operate.

© 2026 Ironlight Group Inc. All rights reserved. Ironlight is a service mark of Ironlight Group Inc.
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