The London Stock Exchange Group launches a blockchain platform to tokenize private funds, hosted on Microsoft Azure and already used by MembersCap with the support of Archax.
Tokenization moves from experimental to industrial use, reducing costs and timelines, with the increasing adoption of giants like BlackRock and Franklin Templeton.
The prospects are enormous: Standard Chartered estimates the market for tokenized real assets to reach $30 trillion by 2034.
The London Stock Exchange unveils a blockchain platform
The London Stock Exchange Group (LSEG) has reached a strategic milestone: its platform dedicated to tokenizing private funds is now operational. Hosted on Microsoft Azure, it aims to transform how funds raise, issue, and manage their assets while remaining within the framework of current regulations.
The first user is MembersCap, an investment manager based in Bermuda, who raised capital for their tokenized MCM Fund 1. The transaction was structured with the support of Archax, a regulated exchange in London specializing in digital assets. A strong signal: tokenization is moving from labs to the core of traditional finance.
Tokenization: From concept to practical applications
Long confined to experiments, asset tokenization now takes on an industrial dimension. The principle is simple: representing traditional financial securities as tokens on a blockchain. The result: faster transactions, reduced back-office costs, and the possibility of a 24/7 open market.
As Dr. Darko Hajdukovic, head of Digital Markets Infrastructure (DMI) at LSEG, summarizes, “many processes in private markets can be improved.” From BlackRock to Franklin Templeton, several giants already manage billions of dollars in tokenized products, mainly on Ethereum and other public blockchains.
A global battle to dominate the market
The timing is not coincidental. The London launch comes as Nasdaq pushes an unprecedented project in the United States: allowing tokenized securities to mingle with traditional stocks on the same order book. If approved by the SEC, this mechanism could be active as early as 2026.
Banks, on the other hand, proceed more cautiously. JPMorgan, a pioneer with its private blockchain Onyx, acknowledges that large-scale deployment lags behind initial promises. However, the growing alignment between regulators, exchanges, and asset managers indicates that the movement is now irreversible.
Towards a $30 trillion market
According to Standard Chartered, the value of tokenized real assets (RWA) could soar to $30 trillion by 2034. Already, RWA products represent over $13 billion locked as of September 15, 2025. A modest figure compared to projections, but it reflects a sustained momentum.
For crypto, the signal is strong: blockchain infrastructure is no longer limited to stablecoins and DeFi but is becoming a pillar of global finance.
