London Stock Exchange Unveils Microsoft-Backed Blockchain Platform for Private Funds
The platform marks the first blockchain initiative for private funds by a global exchange, leveraging Microsoft technology for enhanced market infrastructure.
Fact Check
The evidence strongly confirms the statement. Multiple sources, including an official press release from the London Stock Exchange Group (LSEG), state that LSEG has launched a blockchain-based platform named Digital Markets Infrastructure (DMI) for private funds. The evidence also explicitly mentions that the platform is 'powered by Microsoft Azure' and is a result of a collaboration between LSEG and Microsoft.
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Summary
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Terms & Concepts
- Blockchain Platform: A digital infrastructure utilizing blockchain technology to securely record and process transactions without the need for a central authority.
- Private Funds: Investment funds that are not publicly traded and are typically accessible only to accredited or institutional investors.
- Market Infrastructure: The systems, technologies, and institutions that facilitate financial market operations and asset trading.