London Stock Exchange Launches Blockchain Platform for Private Funds
- The London Stock Exchange Group (LSEG) has introduced the Digital Markets Infrastructure (DMI), a blockchain-based platform for private funds.
- DMI supports the entire lifecycle of digital assets, including issuance, tokenization, and post-trade settlement.
- Developed in collaboration with Microsoft, the platform operates on Microsoft Azure.
- MembersCap and Archax were the first clients, with MembersCap completing the inaugural transaction for the Cardano Foundation.
- Private funds are currently the only asset class available on DMI, with plans to expand to additional classes in the future.
The launch of DMI marks a significant step towards integrating Cardano and other digital assets into traditional financial systems, enhancing interoperability between them. This initiative aims to support clients across a comprehensive funding continuum.
With private funds as its initial focus, LSEG’s DMI platform represents a pioneering effort in blockchain infrastructure within major global stock exchanges.(Source)
