The London Stock Exchange Group (LSEG) launched its Digital Markets Infrastructure (DMI)—a blockchain-powered platform on Microsoft Azure—and completed the first transaction with MembersCap; Archax acted as nominee, and EJF Capital is an early adopter.
Key Takeaways
- Launch + first deal: DMI is live for private funds and has already facilitated an initial transaction. LSEG
- Built with Microsoft: Platform runs on Azure, targeting scale, resilience, and security.
- Early participants: MembersCap and Archax onboarded; EJF Capital listed as early adopter.
- Distribution via Workspace: Funds admitted to DMI are discoverable in LSEG Workspace for professional users.
- Broader roadmap: Private funds first; additional asset classes planned.
What launched—and why it matters
LSEG has debuted Digital Markets Infrastructure (DMI), a production blockchain platform focused initially on private funds. The system covers the lifecycle from issuance and tokenization through post-trade servicing and aims to reduce fragmentation, accelerate workflows, and broaden investor access.
How it works
DMI is built with Microsoft and hosted on Azure, emphasizing interoperability with both distributed ledger solutions and traditional finance rails. Admitted private funds become discoverable in LSEG Workspace, integrating distribution and investor engagement within existing professional workflows.
Who’s onboard
At launch, MembersCap and Archax are named as the first clients. LSEG says the first transaction was facilitated with MembersCap (as GP of MCM Fund 1), with Archax acting as nominee for a major web-3 foundation; independent trade press identifies that foundation as the Cardano Foundation. EJF Capital is also listed as an early adopter, with a selection of its funds to follow.
Microsoft’s role
LSEG describes the platform as a flagship of its strategic partnership with Microsoft, citing Azure’s security and scalability as enablers of regulated, end-to-end tokenization workflows. Microsoft frames the collaboration as part of “reshaping the future of global finance.”
What’s next
LSEG plans to expand beyond private funds into additional asset classes, positioning DMI as regulated infrastructure for tokenized assets with an emphasis on liquidity enablement and standards-based interoperability. Independent coverage by Reuters and the FT underscores the milestone of a first transaction and the exchange’s ambition to bring tokenization into mainstream market rails.
Conclusion
With DMI live and a first transaction complete, LSEG is stepping into the role of regulated digital-assets convener—bridging capital formation and post-trade on enterprise cloud. The near-term signal to watch: broader issuer and LP adoption and demonstrable efficiency gains versus legacy private-market processes.
FAQs
Q1. What is the London Stock Exchange blockchain platform for private funds?
It’s LSEG’s Digital Markets Infrastructure (DMI)—a regulated platform on Microsoft Azure that digitizes issuance, tokenization, and post-trade for private funds.
Q2. How does it improve private-market access?
Funds admitted to DMI are discoverable in LSEG Workspace, streamlining distribution and professional investor engagement.
Q3. Is it interoperable with traditional finance systems?
Yes. DMI is built for interoperability with existing custody, reporting, and settlement processes.
Q4. Who are the first participants?
MembersCap and Archax joined at launch; MembersCap executed the debut transaction and EJF Capital is an early adopter.
Q5. What asset classes are next?
Private funds are first, with additional asset classes planned as standards and demand mature.
Facts Box
- Event: LSEG launches Digital Markets Infrastructure (DMI) and completes first transaction
- Date/Time: 2025-09-15T15:03:00+05:00
- Entities: London Stock Exchange Group (LSEG); Microsoft (Azure); MembersCap; Archax; Cardano Foundation (as reported by Artemis); EJF Capital; LSEG Workspace LSEG+1
- Figures: (Not disclosed at launch)
- Quote: “We are committed to significantly improving access to private markets… enabling liquidity.” — Dr. Darko Hajdukovic, Head of Digital Markets Infrastructure, LSEG. LSEG
- Sources: LSEG press release; Reuters; FT; Artemis.
Sources + Last verified
- LSEG — “LSEG launches Digital Markets Infrastructure platform for private funds, and facilitates first transaction.” LSEG
- Reuters — “LSEG rolls outs blockchain-based platform for private funds.” Reuters
- Financial Times — “London Stock Exchange Group completes its first blockchain-powered fundraising.” Financial Times
- Artemis — “MembersCap unlocks reinsurance capital as first to use new London Stock Exchange platform.” (Cardano Foundation detail) Artemis