Ironlight Markets Signs Deal to Distribute Tokenized Treasury Fund

Ironlight Markets, LLC, a FINRA-registered broker-dealer based in Austin, Texas, announced Monday an agreement with Singapore-based FundBridge Capital Pte. Ltd. to distribute the Delta Wellington Ultra Short Treasury On-Chain Fund, a tokenized securities offering targeting fixed-income investors seeking blockchain-based access to short-duration U.S. government debt.

The arrangement positions Ironlight Markets as a private placement and distribution partner for the fund, leveraging the firm's regulatory standing as a FINRA member to bring tokenized Treasuries to qualified investors through compliant channels. The deal reflects a broader industry push to migrate traditional fixed-income instruments onto blockchain infrastructure, where settlement times can be compressed and secondary liquidity potentially expanded.

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Tokenized Treasury products have drawn increasing institutional attention as asset managers and fintech firms seek to combine the perceived safety of U.S. government obligations with the operational efficiencies of distributed-ledger technology. Ultra-short duration strategies, in particular, have attracted capital in periods of elevated interest rates as investors seek yield with minimal rate-sensitivity risk.

FundBridge Capital, which operates as the fund's sponsor, brings a cross-border structuring perspective to the offering, while Ironlight Markets is expected to handle U.S.-facing investor access and placement activities under existing securities regulations. Neither party disclosed financial terms of the agreement or target fundraising figures in the announcement.

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