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LSEG unveiled its Digital Markets Infrastructure, built on Microsoft Azure.
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First use case: tokenized private funds, with MembersCap already onboard.
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Analysts see RWAs hitting $30T by 2034 as tokenization accelerates.
LSEG’s Tokenization Platform Goes Live
The London Stock Exchange Group has officially launched its blockchain-based Digital Markets Infrastructure (DMI), designed to bring private-market instruments onto public ledgers. The platform lets issuers create, manage, and settle tokenized funds while staying compliant with regulatory rules.
MembersCap, a Bermuda-regulated manager, became the first to use the system by issuing its tokenized MCM Fund 1, with London’s Archax exchange serving as nominee.
Tokenization Trend Gathers Pace
LSEG’s move is part of a broader financial shift toward tokenized assets. Institutions like BlackRock and Franklin Templeton already offer blockchain-based money market funds, while Nasdaq is awaiting SEC approval to trade tokenized securities alongside traditional stocks.
“Private markets are ripe for improvement,” said LSEG’s Darko Hajdukovic, noting tokenization reduces costs and boosts liquidity by enabling near-instant settlement.
Market Potential and Outlook
Standard Chartered analysts project RWAs on blockchain could reach $30 trillion by 2034. While adoption remains slower than hype in some areas, total value locked in RWA protocols already sits above $13B, The Block’s dashboard shows.
The rollout marks LSEG’s first step in tokenization, with expansion to more asset classes planned.
