The London Stock Exchange Group (LSEG) has launched a blockchain-based infrastructure platform for private funds and is the first major global stock exchange to launch such a system.
Called Digital Market Infrastructure (DMI), the platform supports the entire lifecycle of digital assets, from issuance and tokenization to post-trade settlements. It is developed by Microsoft and operated on Microsoft Azure, the exchange said Monday.
LSEG said the system is designed to provide interoperability between distributed ledger technology and traditional financial systems as part of its goal of becoming the first global exchange group to support clients across the “complete funding continuum.”
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The private fund is the first asset class to be published on DMI, with plans for additional asset classes.
As part of the initial offering, DMI's private funds will be available for discovery by Workspace users, allowing popular partners to interact with professional investors on these platforms.
Capital management company member size and London-based Archax was a crypto exchange regulated by the Financial Conduct Authority, with its first client. MemberScap has conducted the platform's debut transaction with Archax as a candidate for the Cardano Foundation.
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This is a developing story, and more information will be added as it becomes available.
