The London Stock Exchange Group (LSEG) said it facilitated the first transaction on a new blockchain-based platform for private funds.

LSEG's Digital Markets Infrastructure (DMI), built using Microsoft Azure, is designed to use blockchain technology across the full lifecycle of an asset, from issuance to settlement, with greater scale and efficiencies than existing systems, according to a Monday announcement.

Investment manager MembersCap and digital asset exchange Archax were onboarded as DMI's first clients and conducted the first transaction, which raised money for MembersCap's MCM Fund 1.

LSEG said it will ensure DMI works with current market services in blockchain technology as well as traditional finance (TradFi).

DMI and its first transaction are "significant milestones demonstr

See Full Page