London Stock Exchange Unveils Blockchain-Based Platform for Private Funds

Core Insights - The London Stock Exchange Group (LSEG) has launched a blockchain-based platform for private funds, marking a significant advancement in digital market infrastructure [1][2] - The platform, known as Digital Markets Infrastructure (DMI), aims to enhance efficiency and scalability throughout the asset lifecycle, from issuance to settlement [1] - MembersCap and Archax are the first clients to utilize DMI, successfully completing a transaction that raised funds for MembersCap's MCM Fund 1 [2][3] Industry Context - The introduction of DMI is seen as a milestone in the integration of blockchain technology within regulated financial markets, highlighting a growing demand for interoperable solutions [3] - Traditional finance (TradFi) exchanges are increasingly adopting blockchain technology to improve operational efficiency and reduce costs, as evidenced by Nasdaq's recent proposal to tokenize stocks for blockchain trading [4]