Economics: London Stock Exchange launches blockchain platform for private funds

London calls. The London Stock Exchange (LSE) has just announced the launch of a new blockchain platform called Digital Markets Infrastructure (DMI). Developed in partnership with Microsoft, this infrastructure is intended revolutionize the management of private funds using blockchain technology for improving the efficiency and transparency of financial transactions.

The key points of this article:

• The London Stock Exchange launched a blockchain platform called Digital Markets Infrastructure for transformation of private fund management.
• The successful first transaction confirmed the increasing interest in this innovative infrastructure, which became a historic milestone for the London Stock Exchange.

The London Stock Exchange goes to blockchain … New platform Dmi London Stock Exchange designed to support everything the life cycle of digital assets from release to tokenization and post -trade calculations .

According to a press release, platform was developed in cooperation with Microsoft and works on Microsoft Azure . Its purpose is to ensure compatibility between technology distributed registry and Traditional financial systems :

“Current processes in the private market are favorable for innovation. LSEG seeks to improve investors’ access to capital markets and increase liquidity. We intend to do so by constantly working with all the interested parties to improve the efficiency and communication of digital native and traditional assets. ”

Darko Haydukovych, Head of Digital Market Infrastructure in LSEG-Source: Press Release

The news has already flew social networks – source: Account x

… And already performs the first transaction London Stock Exchange also announced the holding the first transaction On his new blockchain platform. This transaction was carried out Memberscap fund management company, and Archax digital assets. Memberscap raised funds for its MCM Fund 1 fund, with Archax played the role of custodian funds Cardano Foundation.

This one The first transaction It marks an important milestone for the DMI platform, which plans to add other asset classes in the future. She also demonstrates Increasing demand on a blockchain -based financial market infrastructure by offering a comprehensive solution for Management of private funds .

Thanks to this new platform, the London Stock Exchange joins other traditional financial institutions that explore the use of blockchain to increase efficiency and reduce costs. NASDAQ also recently announced plans tokenization of stocks for blockchain trade.

Source: Journalducoin.com