Tokenized Securities Platform Ironlight Secures $21M Series A Funding
Participation from the Sei Development Foundation backs the growth of a blockchain-based securities platform operating under SEC regulation as an alternative trading system with settlement capabilities.
In a Series A funding round, Ironlight Group has successfully secured $21 million to build out its infrastructure supporting tokenized securities, with plans to grow its alternative trading system (ATS) alongside its technology platform dedicated to the issuance, distribution and trading of digital securities.
According to the privately held firm, the funding round drew support from institutional investors and executives from the financial services sector, with former TD Bank President and CEO Greg Braca serving as the lead investor, while the Sei Development Foundation also contributed to the round.
The newly raised capital will go toward expanding Ironlight's marketplace infrastructure designed for tokenized assets, which encompasses the Ironlight Markets alternative trading system as well as its settlement platform. The firm maintains a broker-dealer operation and alternative trading system for both digital and traditional securities, functioning under SEC Regulation ATS with FINRA oversight.
Based in Austin, Texas, Ironlight has built its platform to accommodate tokenized securities spanning multiple asset classes such as private equity, fixed income, structured products, private credit and real estate, with settlement infrastructure leveraging blockchain technology aimed at optimizing post-trade processes for institutional investors and wealth advisers.
According to the company, the funding will facilitate continued development of its marketplace platform as tokenized securities continue gaining momentum throughout private markets and the alternative assets sector.
Sei Foundation broadens ecosystem initiatives
Participating in the funding round, the Sei Development Foundation was established in 2025 as a nonprofit organization based in the United States with a mission to promote adoption of the Sei blockchain network. The New York-headquartered organization receives funding from the Sei Foundation and provides support to developers through various funding programs, educational initiatives and ecosystem partnerships.
During March 2025, the Sei Foundation publicly stated it was considering a potential acquisition of genetic testing firm 23andMe after the company filed for bankruptcy, putting forward a proposal that would have seen the company's genetic data migrated to blockchain infrastructure to provide users with enhanced control over their personal information. However, the proposed acquisition did not come to fruition.
Beyond this, the foundation has actively pursued partnerships centered on blockchain infrastructure development. During February, AIxCrypto, a company listed on Nasdaq, revealed a strategic technology partnership with the Sei Development Foundation aimed at exploring integrations that merge artificial intelligence and blockchain systems.
During the first quarter of 2026, Druk Holding and Investments (DHI), which serves as Bhutan's sovereign wealth fund, announced plans to deploy and operate a validator on the Sei network through a collaboration with the Sei Development Foundation, forming part of the nation's broader digital transformation strategy.
As a layer-1 blockchain that went live in 2023, Sei concentrates on providing infrastructure for decentralized applications and digital asset trading. The network has attracted backing from notable investors such as Multicoin Capital, Jump and Coinbase Ventures.
According to data provided by CoinGecko, the SEI token is currently trading at approximately $0.069, representing an increase of roughly 11% over the past seven days, which translates to a market capitalization of approximately $465 million. The token reached its peak value exceeding $0.37 during mid-2025.
