NEW
YORK and AUSTIN,
Texas, May 2, 2024 /PRNewswire/ -- Ironlight
Group announced plans to launch and operate the
premier tokenization, listing, and trading ecosystem for
private securities, institutional funds, and financial and
real-world assets (RWA), backed by distributed ledger technology
(DLT).
Ironlight plans a premier DLT-backed
tokenization, listing, and trading ecosystem for private
securities, funds, and RWA
The company also named former TD Bank President and CEO
Greg Braca as a strategic advisor
and board member. He brings 40 years of financial services
experience, including TD Bank, which grew to nearly $500 billion in assets and 25,000 employees under
his leadership.
CEO Rob McGrath said
"Ironlight is in the advanced stages of product development and
regulatory compliance and, with tokenization of illiquid assets
forecast to reach up to $16 trillion
by 2030, the time is now to level the playing field for all
investors and asset types."
"We're also excited that a highly accomplished leader like
Greg Braca is joining the team.
He arrives with four decades of experience and understands the
importance of DLT to the future of finance," he said.
In collaboration with leading global investment firms,
Ironlight intends to:
- Tokenize typically illiquid private
securities, institutional funds, and RWA such as real
estate, natural resources, fine art, public infrastructure, and
private equity.
- Establish a highly regulated ecosystem with a
FINRA-regulated broker dealer and an SEC-registered Alternative
Trading System (ATS) to offer trading in such securities. The
company is awaiting FINRA approval of its broker-dealer
application. (Note: there are no existing plans to trade
cryptocurrencies on the platform.)
- Partner with sovereign wealth funds, pension funds, and
traditional market makers to curate custom liquidity on the
Ironlight ATS.
- Create an open, protocol-agnostic network to
converge unique liquidity, highly regulated market participants and
blockchain facilitated workflow.
FROM THE LEADERS:
President and COO Matt Celebuski:
"Our open-architecture platform is designed to create unprecedented
opportunities and help investors to capitalize on the fundamental
market shift taking place with digital assets. We're excited to
leverage our knowledge and experience to help participants navigate
this new world of investing."
Greg Braca: "I'm passionate about
this market opportunity and will lean heavily upon my four decades
of banking experience and deep relationships to help Ironlight
advance to the forefront of DLT."
IRONLIGHT BACKGROUND:
- Rob previously served as global head of trading at
Schroders (2002-16) and the Abu Dhabi Investment Authority
(2017-21). He also serves as a leading adviser and mentor to
fintech companies harnessing technology and innovation to serve
investors.
- Matt founded Trade Informatics and served as CEO until the
trade-cost analysis and execution-platform company was sold to
Abel Noser in 2021.
- Other senior members of the Ironlight team include Head of
Research Curt Engler, Chief Revenue
Officer Tricia Downs, Chief
Technology Officer Jake
Moilanen and Head of Product Sayena
Mostowfi.
ABOUT IRONLIGHT
Ironlight Group, with executives based in New York and its technology hub in
Austin, is creating the
premier U.S. fintech ecosystem backed by open distributed
ledger technology (DLT). For more, visit Ironlight.io or
LinkedIn.
MEDIA CONTACT:
Randy Williams
EPH2 Communications
randy@eph2comms.com
+1.917.213.5980
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SOURCE Ironlight Group