Tokenized securities firm Ironlight Group announced on Monday the close of a $21 million Series A financing round that will be used to scale the company’s digital trading, distribution and settlement systems for the tokenized securities market.

The funding round included Greg Braca, the former President and CEO of TD Bank, who was recently appointed as Ironlight’s Executive Chairman as well as the Sei Development Foundation and Laidlaw Private Equity.

The company says it plans to use the money to scale both Ironlight Markets and Ironlight Technologies, the firm’s platform used for the issuance and on-chain settlement of digital assets.

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"Ironlight Group was built to modernize core market systems in a way institutions can adopt," said Rob McGrath, Chief Executive Officer of Ironlight Group Inc. "This financing accelerates the build-out of a marketplace that unifies core capital markets functions within the U.S. regulatory framework."

The venture targets a broad spectrum of asset classes, including private equity, fixed income, private credit, real estate, and structured products.

By integrating traditional brokerage infrastructure with blockchain-native settlement, Ironlight is looking attract institutions who want to trade tokenized assets safely and efficiently.

Hugh Regan, Managing Member at Laidlaw Private Equity, emphasized the shift in the sector's focus. "The question is no longer whether assets can be tokenized; it's whether institutions can trade them safely," Regan noted, adding that Ironlight is building the critical infrastructure required for large-scale adoption.