LSEG and Microsoft Develop DMI for Private Funds, Enabling Tokenization and Facilitating First Transaction

DMI uses blockchain technology to support the full asset lifecycle—issuance, tokenization, distribution, post‑trade settlement and servicing—while aiming for interoperability with existing DLT solutions and traditional finance and integrating LSEG products such as Workspace. Private funds are the initial asset class on the platform, with Memberscap and Archax onboarded as first clients and Memberscap’s MCM Fund 1 completing a primary fundraise with Archax acting as nominee for a major web‑3 foundation. EJF Capital is an early adopter. LSEG said DMI will broaden distribution, raise capital, increase liquidity and streamline workflows for general partners and professional investors by making private funds discoverable in Workspace. The platform, developed with Microsoft, is intended to scale to additional asset classes while maintaining security, resilience and regulatory alignment.