London Stock Exchange launches blockchain platform for private equity funds

Huobi HTX reported that the London Stock Exchange Group announced the launch of a blockchain-based digital market infrastructure platform, which will focus on the private equity fund field in the early stage, marking the official entry of the exchange operator into the digital asset field. MembersCap has used the platform to raise funds for its tokenized fund MCM Fund 1, according to an announcement on Monday. London-regulated digital stock exchange Archax acts as the nominal holder. By using blockchain technology, the LSE Group aims to improve the efficiency of the private equity market - a field that is increasingly regarded as a mature test site 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. (Jin Shi)