U.S. regulated ATS connecting trades to atomic settlement
Ironlight Markets, a FINRA-member broker-dealer, operates an Alternative Trading System with sub-20-microsecond trade matching. Atomic settlement may occur on-chain, subject to applicable requirements, using technology powered by Ironlight Technologies.
Tokenized securities across public and private markets
Ironlight supports tokenization and secondary trading of multiple asset classes across registered and private offerings.
Private Credit and Equity
Tokenized fund interests and LP positions
Registered Funds
Registered closed-end funds, including interval funds
Fixed Income
Bonds and yield instruments
Structured Products
CMBS, CLOs, and ABS
Real Estate
REITs and property-backed securities
Centralized order book. On-chain settlement.
Ironlight Markets operates a U.S.-regulated ATS combining a centralized order book with connectivity to infrastructure supporting atomic, bilateral on-chain settlement.
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Trade matching in under 20 microseconds Institutional-grade matching engine for traditional and tokenized securities.
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FIX connectivity Banks, brokers, and registered investment advisers connect via FIX.
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FINRA-member broker-dealer (CRD #330576) Subject to SEC Regulation ATS.
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Continuous trading and RFQ Multiple market structures for liquid and illiquid asset classes.
Live order book preview
Settle without a clearing layer.
Ironlight's smart contracts can facilitate settlement of trades directly on the blockchain in a single atomic event, eliminating the traditional clearing layer.
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Settlement contracts Smart contract infrastructure provided by Ironlight Technologies.
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T+0 settlement with simultaneous DVP Where applicable and subject to applicable laws and regulations.
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Blockchain-agnostic architecture Settlement layer supports multiple blockchain networks for issuer flexibility.
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USDC settlement Settlement currency aligned with institutional treasury workflows.
Settlement Flow
Technology infrastructure for digital securities.
Ironlight Technologies provides infrastructure for token issuance, while Ironlight Markets provides private placement and distribution services.
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Private Placement Agent Supporting private securities offerings.
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Distribution U.S. registered tokenized securities.
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Lifecycle management End-to-end support for issuance, distribution, and trading through Ironlight Technologies and Markets.
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Cap table assistance Ironlight Technologies will work with issuers and transfer agents on cap table integration.
Issuance Stack
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, reducing 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 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 supported.
Regulated entities and standing
Connect to regulated infrastructure.
Schedule a conversation with our team to discuss ATS connectivity, token issuance, or platform integration for your institution.
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