London Stock Exchange Group (LSEG) has launched a blockchain-based platform aimed at private funds and completed its first live transaction, a move that seeks to bring tokenization and faster settlement to traditionally slow fund markets.
According to LSEG, the new system — called Digital Markets Infrastructure (DMI) — runs on Microsoft Azure and is designed to handle everything from issuance through to post-trade servicing.
Blockchain: Platform Handles Full Life Cycle
Reports have disclosed that DMI is built to cover the whole lifecycle of an asset. That means issuance, tokenization, distribution, post-trade settlement and servicing can be recorded and tracked on the platform rather than handled only by paper or siloed systems.
The exchange group said the design emphasizes intero