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Key TakeawaysLondon Stock Exchange Group (LSEG) has launched a new blockchain-based platform for private funds.The first fund to be issued via the new “Digital Markets Infrastructure” (DMI) platform is the private reinsurance fund, MCM Fund 1.LSEG said it plans to expand the DMI to other asset classes in the future.The London Stock Exchange Group (LSEG) on Monday, Sept. 15, launched a new distributed ledger technology (DLT)  platform for private funds.Dubbed the Digital Markets Infrastructure (DMI), the first fund to be tokenized on the new platform was MCM Fund 1, a private reinsurance fund launched by Members Capital Management.LSEG has been exploring tokenization for years, and several experiments and pilots foreshadowed the new DMI.As early as 2017, Borsa Italiana (which was owned by LSEG at the time) teamed up with IBM to test a blockchain-based platform to issue private shares of small- and medium-sized businesses.The London exchange operator continued to expand into tokenization in the years that followed, investing in startups like Nivaura in 2019 and signing a 10-year agreement with Microsoft in 2022 that laid the groundwork for more recent DLT development.The firm first announced plans for a new blockchain-based venue in September 2023. Speaking at the time, LSEG Group Head of Capital Markets Murray Roos said it would be an “end-to-end” system that records the full lifecycle of financial assets on-chain.Initially slated for a launch in 2024, the platform was finally unveiled on Monday, with LSEG boasting of “blockchain-powered scale and efficiencies for the full asset lifecycle—from issuance, tokenisation and distribution to post trade asset settlement and servicing.”For now, DMI is limited to private funds, but LSEG plans to expand the platform to other asset classes in the future.The first firm to issue tokenized securities on DMI is Members Capital Management (MembersCap), a fund manager that specializes in tokenized reinsurance products.MembersCap initially launched MCM Fund 1 using Archax’s multi-chain tokenization engine.Archax has also been onboarded to the new platform and also acts as the nominee for an unnamed “major web-3 foundation” involved in the latest issuance on DMI, a press release stated.Although LSEG has disclosed few technical details about its new platform, it is known to run on a private, permissioned ledger hosted on Microsoft Azure.The firm did not share which protocol DMI is built on, but it previously used Hyperledger Fabric for private-market experiments on the Borsa Italiana.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,600.75 +12.50 (+0.19%)Dow Futures45,930.00 +76.00 (+0.17%)Nasdaq Futures24,142.00 +28.75 (+0.12%)Russell 2000 Futures2,424.00 +7.80 (+0.32%)VIX15.00 +0.24 (+1.63%)Gold3,680.60 -5.80 (-0.16%)PortfolioSign in to access your portfolioSign inTop gainersIONQ IonQ, Inc. 55.61 +8.56 (+18.19%)WBD Warner Bros. 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