Financial services firm London Stock Exchange Group (LSEG) announces the launch of a blockchain platform dubbed DMI, geared towards managing private funds.
London Stock Exchange Group Launches Revolutionary Digital Markets Infrastructure Platform
The London Stock Exchange Group (LSEG) has made a bold move into the digital assets market with the launch of its Digital Markets Infrastructure (DMI) platform. Developed in partnership with Microsoft, the blockchain-based project is expected to bring unprecedented changes to how institutional capital circulates in the coming years.
The DMI platform is operational and processing real-world transactions in closed markets. It has already been used in regulated deals in high value zones to move capital, proving that it is not just a theory but is already being applied in practice.
One of the earliest adopters of the DMI platform is EJF Capital, with some of their money soon to be in operation on DMI. This demonstrates institutional faith in the system, further bolstered by the initial deal made on the platform with MembersCap, a platform that raises capital.
MembersCap used the DMI platform to run its primary fundraise of MCM Fund 1, with Archax serving as the nominee of one of the most prominent Web3 foundations. This strong institutional buy-in for the platform is also signaled by the deep integration with LSEG's other data and analytics products, made possible with the use of Azure.
The DMI platform is hosted on the Microsoft Azure cloud platform, ensuring scalability, security, and interoperability of traditional and digital finance. It is designed to handle the entire asset lifecycle, including issuing, tokenizing, distributing, settling, and servicing assets.
The platform is initially focused on private markets, aiming to overcome historical inefficiency and digitize workflows for real-time service and settlement of assets. The modular and interoperable architecture allows it to interface with existing traditional financial systems and other distributed ledger technologies (DLTs).
The integration of the DMI platform with LSEG Workspace allows funds placed on the platform to be found by thousands of professional investors worldwide. This, combined with the military-grade security, high availability, and geographical and asset class scale capacity offered by Azure, positions the DMI platform as a game-changer in the digital assets market.
Microsoft, as a strategic partner, sees the partnership as transformational. Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft, stated that "the people are not only transferring data but redefining global finance."
With the DMI platform, LSEG is poised to lead the way in the digital assets market, offering a unified experience between digital and traditional assets and paving the way for a more efficient, secure, and interconnected financial ecosystem.
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