PANews reported on May 2 that according to CoinDesk, the RWA market Ironlight has completed $12 million in financing, most of which came from individual investors with Wall Street backgrounds. Ironlight was founded by Schroders and the former global trading director of Abu Dhabi sovereign wealth fund ADIA, and the former CEO of TD Bank serves as an advisor. It aims to tokenize private securities that are usually illiquid, such as real estate, natural resources, fine arts, public infrastructure and private equity. Its goal is to become a tokenized real-world asset (RWA) market regulated by the US SEC. The development of the exchange has entered the late stage, and Ironlight has applied to the Financial Industry Regulatory Authority to become a regulated broker-dealer. It is expected to be approved in the next few months, and the SEC registration process will be initiated later.
