London Stock Exchange Launches Blockchain Platform for Private Funds

BlockBeats News, September 15th, London Stock Exchange Group has announced the launch of a blockchain-based digital market infrastructure platform, initially focusing on the private fund sector, marking the official entry of the exchange operator into the digital asset field. According to Monday's announcement, MembersCap has utilized the platform to successfully raise funds for its tokenized fund, MCM Fund 1. London-based regulated digital securities exchange Archax acted as the nominal holder. By leveraging blockchain technology, the LSE Group aims to enhance efficiency in the private fund market — an area increasingly seen as a mature testing ground for digital transformation. Although the current platform is only open to private funds, the Group plans to expand to other asset classes in the future. (Jinse)