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London Stock Exchange Group Launches Blockchain Platform for Private Funds

London Stock Exchange Group Launches Blockchain Platform for Private Funds

The new platform enables digital market infrastructure, with MembersCap completing fundraising for a tokenized fund via Archax as nominal holder.

Fact Check
The statement is directly confirmed by a press release on the London Stock Exchange Group's (LSEG) official website. This primary source, along with corroborating reports from multiple reputable news outlets like Yahoo Finance and Cointelegraph, explicitly states that LSEG has launched a blockchain-powered 'Digital Markets Infrastructure' platform for private funds.
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Summary

London Stock Exchange Group (LSEG) has introduced a blockchain-powered market infrastructure platform, marking its entry into the digital asset sector. Initially targeting the private funds market, the platform has been used by MembersCap to fundraise for its tokenized MCM Fund 1, with UK-regulated Archax serving as nominal holder. LSEG plans to enhance efficiency in private markets and eventually expand the platform to accommodate other asset classes.

Terms & Concepts
  • Tokenization: The process of converting ownership rights in an asset into a digital token on a blockchain.
  • Digital Securities Exchange: A regulated marketplace for the issuance and trading of digital securities represented on blockchain.
  • Blockchain-based Market Infrastructure: A financial market framework using blockchain technology to improve transaction transparency, efficiency, and security.