The London Stock Exchange Group (LSEG) has launched its new Digital Markets Infrastructure (DMI) platform, built on Microsoft’s Azure cloud, and completed its first live transaction. The platform is designed to handle the full asset lifecycle for private funds, from issuance and distribution through to post-trade settlement and servicing, states the exchange in a press release.
DMI is positioned to work across asset classes, though private funds are the first to be included. LSEG says the system is built to interoperate both with other distributed-ledger solutions and with traditional financial infrastructure. The aim is to create efficiencies in processes that remain highly manual in today’s private markets, while also making funds more accessible to professional investors.
First transaction completed
The first deal on the platform was carried out by MembersCap, acting as General Partner for MCM Fund 1, with Archax as nominee for a web-3 foundation investor. EJF Capital has also joined as an early adopter, with several of its funds expected to be listed soon.
By connecting with LSEG’s Workspace product, funds admitted to the DMI platform will be visible to investors within their standard workflow, providing a channel for managers to reach a wider base of potential capital.
Expansion
While the current focus is on private funds, LSEG describes the launch as the starting point for a broader digital infrastructure covering multiple asset classes. The group also highlights its ambition to tie the new platform into other initiatives such as its Private Securities Market.
