London Stock Exchange Facilitates First Blockchain Platform Transaction

The London Stock Exchange Group (LSEG) launched its new blockchain-based platform, Digital Markets Infrastructure (DMI), facilitating the first transaction for private funds. This system, developed on Microsoft Azure, aims to enhance asset management from issuance to settlement with increased efficiency.

Investment manager MembersCap and digital asset exchange Archax are the initial clients, raising funds for MembersCap's MCM Fund 1.
DMI is designed to integrate blockchain and traditional finance (TradFi) services seamlessly.
This development reflects the growing interest in regulated, interoperable financial markets using blockchain technology.

Additionally, traditional financial exchanges like Nasdaq are incorporating blockchain to boost efficiency and cut costs, exemplified by Nasdaq's proposal to tokenize stocks for blockchain trading.