Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁
LSEG Debuts Blockchain Platform for Private Fund Trading
Key Takeaways
- LSEG has launched a blockchain-based system, DMI, to manage private investment funds from issuance to settlement;
- Built with Microsoft and hosted on Azure, DMI connects blockchain tools with existing financial systems;
- Private funds are the first asset type on DMI, with firms like MembersCap and Archax already conducting transactions.
The London Stock Exchange Group (LSEG) has rolled out a new digital system that uses blockchain technology to support the management of private investment funds.
Known as the Digital Markets Infrastructure (DMI), the platform is designed to cover all major stages of the digital financial assets, from issuing and tokenizing investments to settling trades after they occur.
Built in collaboration with Microsoft, the system runs on the Azure cloud platform.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
What Are Crypto Rollups? ZKSnarks vs Optimistic Rollups (ANIMATED)
Rather than replace traditional financial tools, the system is meant to work alongside them. It acts as a bridge between distributed ledger technology (DLT) and current market systems, which provides a solution for companies and investors across all funding stages.
The first type of assets to be made available through DMI are private funds. These funds will be searchable within LSEG’s Workspace platform.
Two firms were among the first to use the new setup: MembersCap, a capital management company, and Archax, a UK-regulated crypto exchange. The very first transaction was carried out by MembersCap, with Archax acting on behalf of the Cardano
Bill Borden, a senior executive at Microsoft, noted that this project highlights how the two companies are collaborating to update the global financial system and give users more options and flexibility.
Darko Hajdukovic, who leads the digital infrastructure unit at LSEG, explained that LSEG aims to improve how capital markets operate.
Recently, dYdX, a decentralized exchange (DEX), announced plans to launch trading via Telegram. How does it work? Read the full story.