London Stock Exchange Group Launches New Blockchain-Based Platform for Private Funds in Microsoft Collaboration

London Stock Exchange Group (LSEG) has launched a new blockchain-powered platform for private funds.

LSEG, the parent company of the London Stock Exchange, says its new Digital Markets Infrastructure (DMI) will support the full asset lifecycle from “issuance, tokenisation and distribution to post-trade asset settlement and servicing, across multiple asset classes.”

DMI was developed in collaboration with Microsoft and is powered by the tech giant’s cloud computing platform, Azure. The platform has already onboarded clients and facilitated its first transaction.

While DMI will initially focus on private funds, LSEG notes that it plans to expand the platform to other asset classes in the future.

Dr. Darko Hajdukovic, LSEG’s head of digital markets infrastructure, says that DMI is part of an effort to improve processes in private markets.

“At LSEG, we are committed to significantly improving access to private markets by streamlining workflows, enhancing distribution, and enabling liquidity. We intend to do this by continually working with all stakeholders to enhance efficiencies and connectivity for both digitally-native and traditional assets. 

The onboarding of our first clients and this first transaction are significant milestones, demonstrating the appetite for an end-to-end, interoperable, regulated financial markets DLT infrastructure. LSEG’s position as a convener of markets can bring significant scale to digital assets and effect real change.”

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