Financial institution JPMorgan Chase ventures into the German market, planning to establish a digital retail bank.
The London Stock Exchange Group (LSEG) has taken a significant step forward in the digital transformation of global finance with the launch of its Digital Markets Infrastructure (DMI) platform for private funds. The DMI platform, developed in collaboration with Microsoft, aligns with LSEG's aim of supporting clients across the full funding continuum. The platform offers scalability and resilience, making it a robust solution for the digital asset landscape. The DMI platform leverages a range of LSEG's products and services, including Workspace, and is interoperable with existing market solutions in both distributed ledger technology and traditional stock market today. This interoperability allows for seamless integration with the existing financial ecosystem. MembersCap, acting as the general partner of MCM Fund 1, became the first company to conduct a transaction on LSEG's DMI platform in a primary fundraise with Archax. EJF Capital has also been onboarded as an early adopter of the DMI platform, with some of its funds expected to be available shortly. The DMI platform is powered by Microsoft Azure, ensuring secure and efficient operations. It supports the full asset lifecycle across multiple asset classes, marking a significant stride towards a unified digital markets infrastructure. Dr Darko Hajdukovic, Head of Digital Markets Infrastructure at LSEG, stated that the DMI platform aims to significantly improve access to private markets, streamline workflows, enhance distribution, and enable liquidity. He also mentioned that LSEG intends to continually work with all stakeholders to enhance efficiencies and connectivity for both digitally-native and traditional yahoo finance. Bill Borden, Corporate Vice President, Worldwide Financial Services at Microsoft, stated that the collaboration with LSEG on the DMI platform is a powerful example of the innovation driving their strategic partnership. He expressed his belief that together, LSEG and Microsoft aim to reshape the future of global finance to empower customers to unlock new opportunities and drive meaningful change. These milestones demonstrate the appetite for an end-to-end, interoperable, regulated financial markets DLT infrastructure. LSEG's position as a convener of markets can bring significant scale to digital assets and effect real change in the financial industry. As part of the initial rollout, private funds on DMI will be discoverable by Workspace users, making it easier for investors to find and invest in these funds. Private funds are the first asset class to use the DMI platform, but it is expected that more asset classes, including the DJIA, will be added in the future. The onboarding of the first clients and the first transaction are considered significant milestones for the DMI platform, marking the beginning of a new era in digital finance.
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