Ironlight, a player in the RWA market, secures $12 million in funding and plans to register with the US SEC.

According to a report from Coindesk, Ironlight, a tokenized real-world assets (RWA) marketplace, has received a $12 million investment, with the majority coming from individual investors with a background in Wall Street. Ironlight aims to become a SEC-regulated RWA marketplace, using Distributed Ledger Technology (DLT) to seamlessly connect buyers and sellers. They also plan to collaborate with sovereign wealth funds, pension funds, and traditional market makers to facilitate the trading of tokenized assets. The development of the exchange is said to be in the final stages, and the company has applied to become a regulated broker-dealer with the Financial Industry Regulatory Authority, with approval expected in the coming months. After that, Ironlight will initiate the SEC registration process for an Alternative Trading System (ATS).