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TradFi Veterans Pitch Tokenized Asset Marketplace With Eyes on U.S. Regulatory Approval

  • Ironlight aims to be an SEC-supervised marketplace for tokenized real-world assets (RWAs).
  • The company secured $12 million of investment, mostly from individual investors with a Wall Street background, co-founder Celebuski said in an interview.
  • Asset tokenization has become one of the hottest trends in crypto, with estimates of growing into a multitrillion-dollar industry.
UnmuteSam Bankman-Fried's Lawyers Push for FTX Founder's Jail Release Again; Crypto Coin Listing Crack Down06:22Philippines Taps Blockchain04:56BlackRock CEO Predicts Tokenization Is the Future of Markets00:48Tokenization on Public Blockchains Democratizes Access: Securitize CEO07:08Bitcoin Bounces Back Above $20KWith global financial heavyweights hopping on the red-hot tokenization trend to bring conventional assets onto blockchain infrastructure, a new company started by traditional finance veterans is building a digital marketplace with eyes on a U.S. regulatory nod.Ironlight, started by Rob McGrath and Matt Celebuski, aims to tokenize private securities that are typically illiquid such as real estate, natural resources, fine art, public infrastructure and private equity while serving as a trading venue with the U.S. Securities and Exchange Commission's (SEC) blessing as a so-called alternative trading system, or ATS.McGrath previously served as global head of trading at asset manager Schroders and Abu Dhabi's government-owned sovereign wealth fund Abu Dhabi Investment Authority (ADIA), while Celebuski founded a brokerage that did trade-cost analysis and was acquired by financial technology company Abel Noser.They are also joined by Greg Braca, former president and CEO of TD Bank, as a strategic adviser and board member.Ironlight's entrance comes as traditional capital markets and the digital asset industry are becoming increasingly intertwined, with crypto firms and traditional finance giants like BlackRock, Franklin Templeton and HSBC racing to put old-school investment products – real-world assets, or RWAs in crypto parlance – onto blockchain plumbing in the form of tokens.Read more: Why Asset Tokenization Is InevitableProponents tout this as a multitrillion-dollar opportunity, betting that tokenization could disrupt the current infrastructure behind global financial markets. Potential benefits include faster settlements, around-the-clock trading and increased efficiency. The RWA market could mushroom to over $10 trillion by the end of the decade, according to separate reports by Boston Consulting Group and digital asset manager 21.co."It was obvious that there was going to be a sea change in the financial markets and we wanted to be a part of that," Celebuski, who serves as president and chief operating officer at Ironlight, said in an interview with CoinDesk.After leaving their TradFi tenures, the founders raised $12 million from mostly high-net-worth individual investors in their network to put together a team and build the tech from the ground up, Celebuski said.With no plans for allowing cryptocurrency trading on the platform, the company's goal is to leverage distributed ledger technology, or DLT, to connect buyers and sellers in a more seamless way. They also plan to partner with sovereign wealth funds, pension funds and traditional market makers to facilitate trading tokenized assets.The development behind the trading venue is at advanced stages, and the company has already applied to be a regulated broker-dealer by the Financial Industry Regulatory Authority and expects an approval in the next few months, Celebuski said.After that, Ironlight will start the SEC registration process for an ATS, which is necessary to operate a digital marketplace, he added."We felt that making this work under U.S. regulations would be important to be seen as completely regulatory compliant no matter which venue or regulation we would be under," Celebuski explained.A regulated ATS could make a positive impact on liquidity for tokenized assets, especially if it manages to attract sufficient subscribers, Doug Schwenk, CEO of Digital Asset Research, told CoinDesk in an email."ATSs are popular with traders who may not want their transaction broadcast, which is what would happen on an exchange," he explained. "This can allow those traders to trade large volumes with each other with less concern about impacting market prices and ultimately increases overall market liquidity."Edited by Nick Baker.

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  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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