The London Stock Exchange Group has debuted its new blockchain infrastructure for private funds, completing its first tokenized fundraising.

LSEG Has Launched Its Blockchain Infrastructure

As announced in a press release on Monday, the London Stock Exchange Group (LSEG) has launched its blockchain infrastructure and facilitated its first transaction. The platform, called “Digital Markets Infrastructure” (DMI), was developed in collaboration with Microsoft and runs on the tech giant’s Azure cloud service.

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While blockchain is the same technology that powers cryptocurrencies like Bitcoin, LSEG’s platform isn’t about these digital currencies themselves. Rather, DMI is about applying the technology to traditional finance. Unlike many other projects that digitize only part of the process, LSEG is offering the full range of the blockchain experience, including issuance, tokenization, and settlement.

“There are many processes in private markets today that can be improved,” said Head of DMI, Dr. Darko Hajdukovic. “At LSEG we are committed to significantly improving access to private markets, by streamlining workflows, enhancing distribution, and enabling liquidity.”

MembersCap, an investment manager, has become the first to use LSEG’s DMI, raising capital for its MCM Fund 1. The fundraising has been facilitated with Archax, a digital securities exchange regulated by the UK’s Financial Conduct Authority

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Author: Keshav Verma