LSEG Unveils Microsoft-Powered Blockchain DMI: Details

In a groundbreaking move, the London Stock Exchange Group has launched a Microsoft-powered blockchain platform. This Digital Markets Infrastructure (DMI) platform is designed to bring efficiency, scalability, and interoperability to the tokenized funds market.

LSEG’s Microsoft-Powered Blockchain Platform

According to an official press release, the London Stock Exchange Group has taken a crucial step in the crypto space with the launch of Digital Markets Infrastructure (DMI), its Microsoft-powered blockchain platform.

Notably, the project is built in collaboration with Microsoft and powered by Microsoft Azure. Both LSEG and Microsoft have promised to continue this partnership to evolve and scale the new platform.

Significantly, DMI will leverage blockchain technology to drive scale and efficiency across the entire asset lifecycle, from issuance to servicing. It will also ensure seamless interoperability between distributed ledger technology and traditional financial systems. Microsoft Corporate Vice President Bill Borden stated,

“Microsoft’s collaboration with LSEG on its Digital Markets Infrastructure (DMI) is a powerful example of the innovation driving our strategic partnership. Together, we’re reshaping the future of global finance to empower our customers to unlock new opportunities and drive meaningful change.”

LSEG’s Vision of Full Funding Continuum

Reportedly, the launch of the Microsoft-powered blockchain platform is part of LSEG’s broader vision of supporting the full funding continuum. In order to bolster this vision, the project enables seamless interoperability between distributed ledger technology and traditional finance. With this move, the firm intends to become the first global exchange group to support clients across the entire funding spectrum.

“LSEG’s position as a convener of markets can bring significant scale to digital assets and effect real change,” stated Dr. Darko Hajdukovic, Head of Digital Markets Infrastructure, London Stock Exchange Group. He added,

“We intend to do this by continually working with all stakeholders to enhance efficiencies and connectivity for both digitally-native and traditional assets. The onboarding of our first clients and this first transaction are significant milestones, demonstrating the appetite for an end-to-end, interoperable, regulated financial markets DLT infrastructure.”

Private funds are the inaugural asset class to go live on the DMI platform, with plans to expand to additional asset classes in the future. As part of the launch, private funds on DMI will be discoverable by users of LSEG's Workspace, enabling general partners to connect with professional investors.

The platform's first clients, MembersCap, a capital management firm, and Archax, a Financial Conduct Authority-regulated crypto exchange, have already been onboarded, with MembersCap conducting the platform's debut transaction, facilitated by Archax acting as nominee for the Cardano Foundation.