The London Stock Exchange Group (LSEG) has launched a new DLT based Digital Markets Infrastructure (DMI), initially targeting private funds but with other asset classes planned. It supports issuance, tokenization and distribution as well as post trade servicing.
The first fund to go live on the platform is MCM Fund I from MembersCap, the asset manager’s inaugural reinsurance fund that it launched in July. It conducted a primary fundraise via DMI, with Archax investing as a nominee for a “major web3 foundation”. A higher profile alternative asset manager, ELF Capital, has also onboarded and will go live soon.
The DMI solution was developed in collaboration with Microsoft, and is integrated with LSEG’s Workspace’s platform to make the funds discoverable as part of the professional investor workflow and analytics experience.
“At LSEG we are committed to significantly improving access to private markets, by streamlining workflows, enhancing distribution, and enabling liquidity,” said Dr Darko Hajdukovic, Head of LSEG’s Digital Markets Infrastructure. “The onboarding of our first clients and this first transaction are significant milestones, demonstrating the appetite for an end-to-end, interoperable, regulated financial markets DLT infrastructure. LSEG’s position as a convener of markets can bring significant scale to digital assets and effect real change.”
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