DLT-based Digital Markets Infrastructure (DMI)<\/a> last year. The infrastructure, which is powered by Microsoft Azure, enables tokenisation and broader distribution of funds. <\/p>\n\u201cWe look forward to welcoming new strategic partners as we build LSEG Digital Market Infrastructure – a seamless ecosystem in which participants can move effortlessly between digital and traditional markets, connected across time zones and choice of payment options,” said Daniel Maguire, group head of markets, LSEG.<\/p>\n
Rob Hale, co-head of global markets at Lloyds Banking Group, welcomed the announcement, confirming that the bank will work with LSEG to “help clients operate more efficiently” and unlock new opportunities in light of the update. <\/p>\n
“Through our work with tokenised deposits, tokenised gilts and digital wallets, we\u2019ve seen how these innovations can deliver real benefits for businesses and investors,” he said. “These capabilities can help clients compress settlement cycles, reduce operational risk and access liquidity more efficiently \u2013 ultimately improving how they raise, deploy and manage capital.”<\/p>\n
Matt Harvey, head of digital solutions at NatWest Markets, said that the LSEG DSD represents an “important step” in modernising the UK’s financial market infrastructure. <\/p>\n
“As digital securities move from pilot to scaled adoption, solutions that combine regulatory rigour with genuine interoperability will be critical,” he continued. <\/p>\n
Barclays, Standard Chartered, and State Street also welcomed the news along with Sir Ron Kalifa, head of financial infrastructure at Brookfield.<\/p>\n
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