🚀 Ironlight Markets Receives Approval to Operate Alternative Trading System
#IronlightMarkets #FINRAApproval #AlternativeTradingSystem #ATS #TokenizedSecurities #RealWorldAssets #OnChainSettlement #InstantClearing #AtomicLevelClearing #PrivateCredit #VentureCapital #AlternativeAssets #RegulatedTokenizedMarket #Banks #BrokerDealers #RegisteredInvestmentAdvisors #FIX #APIConnections #CompliantCustodians
According to PANews, Ironlight Markets has been granted approval by FINRA to operate an alternative trading system (ATS) that facilitates the trading of both traditional and tokenized securities, including real-world assets (RWA). The platform offers atomic-level on-chain instant clearing and settlement, integrating a centralized order book with on-chain settlement. It provides matching speeds of less than 20 microseconds and is designed for institutions such as banks, broker-dealers, and registered investment advisors, supporting FIX and API connections. Ironlight Markets plans to initially focus on private credit, venture capital, and alternative assets, collaborating with compliant custodians to expand the regulated tokenized market.#IronlightMarkets #FINRAApproval #AlternativeTradingSystem #ATS #TokenizedSecurities #RealWorldAssets #OnChainSettlement #InstantClearing #AtomicLevelClearing #PrivateCredit #VentureCapital #AlternativeAssets #RegulatedTokenizedMarket #Banks #BrokerDealers #RegisteredInvestmentAdvisors #FIX #APIConnections #CompliantCustodians
🚀 SEC Urged to Pursue Full ATS Registration for DeFi Platforms
#DeFi #SEC #ATS #Regulation #Crypto #Blockchain #TokenizedTrading #USMarkets
Plume General Counsel B. Salman Banaei has called on the U.S. Securities and Exchange Commission (SEC) to implement full Alternative Trading System (ATS) registration for platforms utilizing decentralized finance (DeFi) protocols. According to NS3.AI, Banaei made this appeal during his testimony before the House on March 25. He emphasized the need for comprehensive regulation rather than relying primarily on a limited innovation exemption for tokenized trading.
The SEC is currently exploring a time-limited pathway for tokenized National Market System (NMS) equities to be traded on-chain. The agency is also in the process of gathering public feedback to develop a more extensive framework for the long-term regulation of these digital assets.#DeFi #SEC #ATS #Regulation #Crypto #Blockchain #TokenizedTrading #USMarkets