London Stock Exchange launches blockchain platform for private equity funds

The London Stock Exchange Group announced the launch of a blockchain-based digital market infrastructure platform, which will initially focus on the private equity fund sector, marking the exchange operator's official entry into the digital asset arena. According to Monday's announcement, MembersCap has utilized the platform to raise funds for its tokenized fund MCM Fund 1. The London-regulated digital securities exchange Archax acts as the nominal holder. By utilizing blockchain technology, the LSE Group aims to enhance efficiency in the private equity market - a sector increasingly seen as a mature testing ground for digital transformation. Although the current platform is only open to private equity funds, the group plans to expand to other asset classes in the future.