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Deployments · platform by London Stock Exchange Group

LSEG Digital Markets Infrastructure for private fundsUpdated 28 Oct 2026

LSEG's DLT platform, built with Microsoft on Azure, for raising, distributing, settling and servicing private funds, with funds discoverable in LSEG Workspace. The first primary fundraise, for MembersCap's MCM Fund 1 with Archax as investor nominee, closed at launch in September 2025. Apex Group became the first fund servicer to connect and StepStone listed its evergreen private markets funds in 2026.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Live (limited) since 15 Sep 2025[1] — Professional investors only; no volumes or AUM disclosed. · Reviewed 21d ago

Assets
Fund interest[1][5]
Private fund interests: closed-end funds at launch, evergreen funds added since
Networks
LSEG DMI ledger Private, permissioned[1]
Use cases
Fund subscription and redemption[1]Primary issuance[1]Secondary trading[5]
Jurisdictions
United Kingdom

Participants

Likely relevant regulation

Timeline

  1. Happened 7 May 2026 · Participant joined · recorded 11 Oct 2026
    StepStone launches its evergreen private markets strategies on DMI.[4]
  2. Happened 12 Feb 2026 · Announcement · recorded 11 Oct 2026
    LSEG plans an on-chain Digital Securities Depository for institutional settlement, first deliverable due in 2026 subject to approval.[3]
  3. Happened 10 Feb 2026 · Participant joined · recorded 11 Oct 2026
    Apex Group becomes the first service provider to connect to DMI, letting the funds it services reach DMI.[2]
  4. Happened 15 Sep 2025 · Launch · recorded 11 Oct 2026
    DMI goes live for private funds and completes its first transaction, a primary raise for MCM Fund 1.[1]

Sources

  1. [1]LSEG Launches Digital Markets Infrastructure Platform for Private Funds, and Facilitates First Transaction — LSEG, 15 Sep 2025. Accessed 11 Oct 2026.B
  2. [2]LSEG and Apex Group collaborate to connect private funds with LSEG's Digital Markets Infrastructure — LSEG, 10 Feb 2026. Accessed 11 Oct 2026.B
  3. [3]LSEG advances next generation of Digital Markets Infrastructure with on-chain settlement — LSEG, 12 Feb 2026. Accessed 11 Oct 2026.B
  4. [4]StepStone launches evergreen strategies on LSEG's DMI platform — Alternative Credit Investor, 8 May 2026. Accessed 11 Oct 2026.C
  5. [5]LSEG Looks to Expand Digital Markets Infrastructure — Markets Media, 10 Mar 2026. Accessed 18 Oct 2026.C
  6. [6]London Stock Exchange welcomes StepStone Group to its Digital Markets Infrastructure (DMI) platform — London Stock Exchange, 7 May 2026. Accessed 28 Oct 2026. Body renders by script; title and date from the page metadata (browser title 'StepStone Digital Markets Platform')..B

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