London Stock Exchange (LSEG) has launched Platform based on blockchain Targeted at private funds and completing the first live transaction, which aims to introduce toketenization and faster settlement on traditionally free fund markets.
According to LSEG, recent system -Parn infrastructure of digital markets (DMI)-at Microsoft Azure and is designed to support everything from emissions to service after trade.
Blockchain: The platform supports the full life cycle
Reports They revealed that DMI is built to cover the entire resource life cycle. This means that emissions, tokenization, distribution, trade settlement and service can be registered and tracked on the platform, not only supported by paper or muted systems.
The Exchange Group said that the project emphasizes the interoperability between dispersed book technologies and existing financial systems.
Image: EuropaWire
The first contract that took part
LSEG said that he made his first transaction on the platform on Monday, and members performing the function of a complementary partner in the scope of the basic fund MCM Fund 1 and Archax, which was the nominee.
Based on reports, members and Archax were on board the first customers and made a virgin acquisition of live funds in DMI.
Financial assets recorded the transaction as a milestone because it was carried out in a system of blocks of regulated replacement blocks.
Regulatory support and market players
According to insurance, the involvement of Archax-regulated by the FCA digital securities exchange-gives project an anchor anchor, which, as market participants claim, in which it is vital when tokenized private assets are issued to professional investors.
The role of Microsoft is also highlighted: the platform works on Azure, and earlier business connections between Microsoft and LSEG were recorded in reports. These ties have developed a project as a partnership between the main cloud supplier and a immense stock exchange.
What this can mean for private funds
Observers say that tokenization can reduce manual steps, accelerate the settlement and facilitate ownership control, although none of them is automatic.
Secondary market activity for tokenized funds will depend on the principles, market structure and react of carers and platforms.
The receipt of the fund managers is another question: managers will weigh costs, investors’ appetite and legal transparency before moving immense pools of assets to the book.
Reports indicate that LSEG plans to expand DMI beyond private funds to other types of assets in time.
A distinguished picture with Yuichiro Chino/Getty Images, Chart from TradingView

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