The London Stock Exchange Group Launches Blockchain-Based Platform for Private Funds
The London Stock Exchange Group (LSEG) has introduced a blockchain-based infrastructure platform aimed at private funds, positioning itself as the first significant global stock exchange to implement such a system.
Named Digital Markets Infrastructure (DMI), this platform facilitates the entire lifecycle of digital assets, encompassing everything from issuance and tokenization to post-trade settlement. Developed in collaboration with Microsoft, it operates on Microsoft Azure, as stated by the exchange on Monday.
LSEG mentioned that the system aims to ensure interoperability between distributed ledger technology and traditional financial frameworks, aligning with its aspiration to be the foremost global exchange group supporting clients throughout the “full funding continuum.”
Private funds are the pioneering asset class to utilize the DMI, with intentions to include additional asset classes in the future.
In its initial rollout, private funds on the DMI will be accessible to users of Workspace, allowing general partners to engage with professional investors through these platforms.
MembersCap, a capital management firm, along with London-based Archax, a Financial Conduct Authority-regulated crypto exchange, were the initial clients brought on board. MembersCap executed the platform’s first transaction, with Archax serving as a nominee for the Cardano Foundation.
This story is still developing, and more details will be provided as they become available.
