LSEG launches Microsoft-powered Digital Markets Infrastructure platform for private funds

The London Stock Exchange Group (LSEG) has developed and launched a new platform with Microsoft called Digital Markets Infrastructure (DMI). The solution uses blockchain technology to handle private fund transactions and, running on Microsoft Azure, has already completed its first transaction.

DMI supports “the full asset lifecycle” across multiple asset classes, according to an LSEG statement, including issuance, tokenisation, distribution, post-trade asset settlement and servicing, with LSEG now claiming to be “the first global exchange group to support customers across the full funding continuum”. The platform will initially work with private funds, with the group planning to expand to “additional asset classes” in the future.

As part of this initial offering, DMI has integrated with Workspace, a financial data and analytics platform acquired through LSEG’s acquisition of Refinitiv in January 2021. This integration allows Workspace users to locate private funds through the platform. LSEG says this will enable general partners to “interact at scale with professional investors on a platform these investors already use”, further democratising access to new private market investment opportunities.

At the centre of the launch is the group’s 10-year tech partnership deal with Microsoft, which was first inked in December 2022. In return, Microsoft purchased a 4% stake in LSEG valued at $2 billion. In launching DMI, LSEG says it will continue its collaboration with the US tech giant to “develop and scale the platform”.

The first clients to be onboarded have been named as Bermuda-regulated investment manager MembersCap and London-based digital asset exchange Archax. The first transaction saw Archax invest in MembersCap’s MCM Fund I, a reinsurance fund launched in July 2025, as a nominee for a “major web3 foundation”, understood to be the Cardano Foundation. EJF Capital is also in the process of onboarding onto the platform, with LSEG stating that a selection of the asset manager’s funds “will be available on the platform soon”.

Source: https://www.fintechfutures.com/