London Stock Exchange Launches Blockchain Platform for Private Funds
The London Stock Exchange Group (LSEG) has introduced Digital Markets Infrastructure (DMI), a blockchain-based platform for private funds, marking the first initiative of its kind by a major global stock exchange. Developed in partnership with Microsoft and operating on Microsoft Azure, the platform supports the full lifecycle of digital assets, including issuance, tokenization, and post-trade settlement.
LSEG aims for DMI to provide interoperability between distributed ledger technology and traditional financial systems, positioning itself as the first global exchange group to facilitate client services across the full funding continuum. Private funds are the initial asset class launched on the platform, with plans to expand to additional asset types.
As part of this rollout, private funds listed on DMI will be discoverable by users of Workspace, enabling general partners to engage with professional investors. Capital management firm MembersCap and Archax, a Financial Conduct Authority-regulated crypto exchange based in London, were the first clients onboarded. MembersCap executed the platform’s inaugural transaction, with Archax acting as nominee for the Cardano Foundation.
Thai Banks Freeze Millions of Accounts Amid Scam Crackdown
Over the weekend, Thai banks froze approximately three million accounts suspected of functioning as intermediaries for scammers, according to local reports. The Bank of Thailand also imposed daily transfer limits ranging from $1,300 to $5,500 for all bank customers. Authorities have indicated that the freeze could extend to additional accounts as investigations continue.
While some Bitcoin proponents framed the crackdown as a demonstration of cryptocurrency’s resilience—highlighting Bitcoin’s immunity to such freezes—the Bank of Thailand maintains a prohibition on cryptocurrency usage for payments, despite the popularity of crypto trading in the country.
The Bank of Thailand just froze 3 million bank accounts overnight & capped transfers at $1.3k–$5.5k/day to fight scams.
You can’t freeze bitcoin.
— Sasha Hodder (@sashahodler) September 14, 2025
Native Markets Wins Bid to Issue USDH Stablecoin
Native Markets secured the rights to issue USDH, a dollar-pegged stablecoin on the Hyperliquid crypto exchange, after a competitive bidding process closely followed by the crypto community. Founder Max Fiege announced plans to submit a Hyperliquid Improvement Proposal (HIP) outlining the stablecoin’s launch.
The rollout will begin with a testing phase allowing minting and redemption of up to $800 per transaction with a select group, later expanding to uncapped transactions and opening the USDH/USDC spot order book. Additionally, Native Markets will release USDH as an ERC-20 token on the Ethereum network alongside the HIP.
The bidding and upcoming launch sparked mixed reactions within the crypto industry, with some executives questioning the stablecoin sector’s trajectory and the management of stable tokens by exchanges moving forward.
FinOracleAI — Market View
The London Stock Exchange’s adoption of blockchain technology for private funds represents a significant step toward integrating traditional finance with distributed ledger ecosystems, potentially enhancing liquidity and operational efficiency in private markets. Meanwhile, the mass freezing of Thai bank accounts highlights regulatory risks and operational challenges in jurisdictions grappling with financial crime, which could drive increased interest in decentralized alternatives like cryptocurrencies despite regulatory restrictions. Native Markets’ successful bid for USDH issuance signals ongoing competition and innovation in the stablecoin space, though community skepticism underscores the need for transparency and robust governance.
Impact: Positive
