The DMI platform is supported by Microsoft Azure cloud computing services.
The London Stock Exchange Group (LSEG) has launched a blockchain-based Digital Markets Infrastructure (DMI) platform for private funds, supported by Microsoft Azure cloud computing services, according to officials. The system has already facilitated its first transaction.
The blockchain-based system will encompass “the full asset lifecycle — from issuance, tokenization and distribution to post-trade asset settlement and servicing, across multiple asset classes,” LSEG officials say. “LSEG will ensure that this platform is interoperable with current market solutions in distributed ledger technology as well as traditional finance, fully utilizing a range of the group’s products and services, including Workspace.”
DMI was developed with Microsoft and follows LSEG’s goal of “being the first global exchange group to support customers across the full funding continuum, alongside other group initiatives such as the Private Securities Market. Private funds is the first asset class to benefit from the DMI platform, with expansion to additional asset classes planned,” officials say.
The private funds admitted to DMI “will be discoverable by Workspace’s users as part of their day-to-day workflow, enabling General Partners to interact at scale with professional investors on a platform these investors already use, and they in turn will be able to discover, analyze, and access new private market investment opportunities that were previously hard to reach,” officials add.
MembersCap and Archax are the first clients on the platform, and “the first transaction has been facilitated with MembersCap, as the General Partner of MCM Fund 1, successfully executing a primary fundraise with Archax acting as nominee for a major web-3 foundation. EJF Capital has also been onboarded as an early adopter, and a selection of their funds will be available on the platform soon,” officials say.
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