LSEG Begins Rollout of Blockchain-Powered Platform

Core Insights - London Stock Exchange Group (LSEG) has initiated the rollout of its blockchain-powered Digital Markets Infrastructure (DMI) platform, starting with private funds [1][2] - The DMI platform supports the entire asset lifecycle, including issuance, tokenization, distribution, post-trade asset settlement, and servicing across multiple asset classes [2][3] - The platform aims to enhance access to private markets by streamlining workflows, improving distribution, and enabling liquidity [4] Company Developments - LSEG plans to expand the DMI platform beyond private funds to include other asset classes [3] - The DMI platform is built on Microsoft Azure, with ongoing collaboration between LSEG and Microsoft to develop and scale the platform [4] - LSEG aims to maintain a regulated process while making it more efficient, cost-effective, and transparent [6] Industry Context - In September 2023, LSEG announced plans to launch a blockchain-based digital markets business, positioning itself as the first major exchange to offer blockchain-based trading of traditional financial assets [5] - Nasdaq has filed a proposal with the Securities and Exchange Commission to allow trading of stocks and exchange-traded products in either traditional digital or tokenized form, which would represent a significant move towards blockchain-based settlement in the U.S. market [6]