促进资本市场发展

Core Insights - The London Stock Exchange Group (LSEG) has launched a Digital Market Infrastructure (DMI) in collaboration with Microsoft, aimed at enhancing the efficiency of the entire asset lifecycle from issuance to post-trade services [3][6] - DMI is designed to be a trusted, scalable, and interoperable financial infrastructure that leverages Distributed Ledger Technology (DLT) to drive innovation and efficiency in capital markets [3][4] - The initiative focuses on creating seamless connections between digital platforms and traditional systems, ensuring market participants can operate efficiently and securely [3][5] Group 1: DMI Overview - DMI aims to support any asset class and geographic region, with an initial focus on private markets, particularly private equity, private credit, and physical assets [6][7] - The architecture of DMI is universal, facilitating transactions and innovations in capital flows at any time and place [6][7] - DMI will enhance distribution capabilities for General Partners (GPs) and Limited Partners (LPs), providing access to a wide range of LP resources and enabling the trading of fund shares in a secure environment [7] Group 2: DLT Advantages - DLT offers significant practical advantages in addressing the challenges of capital markets, including a transparent and immutable ledger that ensures data integrity and auditability [4][5] - The decentralized architecture of DLT helps reduce settlement friction and counterparty risk, creating a resilient infrastructure that adapts to the rapidly evolving market [4][5] - The technology has moved beyond the experimental phase, with leading institutions making substantial investments and validating DLT's resilience in practical applications [5][6] Group 3: Future Potential - DMI is designed for cross-asset class expansion and is adaptable to the evolving needs of the industry, with future integration of artificial intelligence to optimize trading and service processes [8] - The initiative represents a new chapter in connecting market participants, promoting interoperability, and supporting the entire financial ecosystem [8] - Collaboration with industry stakeholders, including GPs, LPs, service providers, and innovators, is essential for shaping the future of digital and private markets [8]