Key Takeaways
- • London Stock Exchange Group launched its Digital Markets Infrastructure (DMI) platform for private funds, enabling institutional investors to access private markets through blockchain-enabled technology and streamlined onboarding solutions.
- • StepStone Group, managing $811 billion in total capital, joined LSEG's DMI platform, making its evergreen strategies across private equity, private debt, and infrastructure available to eligible professional investors through distributed-ledger technology.
- • In 2025, StepStone and FTSE Russell launched the FTSE StepStone Global Private Market Indices—the first fund-level daily benchmarks for private markets—bringing institutional-grade transparency to private assets comparable to public market standards.
- • David Jeffrey, Vice Chairman at StepStone, emphasized that the partnership supports "efficient access to private markets through established market infrastructure," positioning innovation in distribution as central to long-term maturation of private markets in wealth management.
- • LSEG's DMI platform represents a structural shift toward digitizing private fund issuance, tokenization, and digital discovery, bringing institutional-grade settlement and compliance infrastructure to previously fragmented private markets ecosystems.
Summary
London Stock Exchange Group has welcomed StepStone Group to its newly launched Digital Markets Infrastructure (DMI) platform, marking a significant development in the digitization of private markets infrastructure. StepStone, a global private markets investment firm with $811 billion in total capital under management, is leveraging LSEG's blockchain-enabled platform to make its evergreen strategies in private equity, private debt, and infrastructure available to eligible professional investors through streamlined onboarding and distributed-ledger technology.
The partnership builds on existing collaboration between StepStone and FTSE Russell, which in 2025 launched the FTSE StepStone Global Private Market Indices—the first fund-level daily benchmarks for private markets. These indices represent a structural innovation in bringing transparency and measurable performance standards to private assets, historically a challenge for institutional investors seeking comparable data to public market benchmarks.
LSEG's Digital Markets Infrastructure platform addresses a critical infrastructure gap in private markets by enabling fund issuance, tokenization, and digital discovery through institutional-grade settlement and compliance mechanisms. By joining the platform, StepStone is positioning itself to capitalize on the industry's shift toward more efficient distribution channels and enhanced investor access to private markets products.
David Jeffrey, Vice Chairman at StepStone, framed the initiative as essential to institutional investing standards: "The evolution of private markets requires infrastructure and data integrity consistent with institutional investing. By launching our evergreen strategies on LSEG's DMI platform, we are supporting efficient access to private markets through established market infrastructure." This statement underscores the industry's recognition that maturation of private markets in wealth management depends critically on innovation in both distribution infrastructure and data transparency.
The development reflects broader institutional demand for digital settlement services and on-chain infrastructure in private markets, where traditional settlement processes have created friction and limited accessibility for sophisticated investors. LSEG's DMI platform, now hosting major players like StepStone, signals momentum toward standardized digital infrastructure for private fund distribution at institutional scale.
The partnership builds on existing collaboration between StepStone and FTSE Russell, which in 2025 launched the FTSE StepStone Global Private Market Indices—the first fund-level daily benchmarks for private markets. These indices represent a structural innovation in bringing transparency and measurable performance standards to private assets, historically a challenge for institutional investors seeking comparable data to public market benchmarks.
LSEG's Digital Markets Infrastructure platform addresses a critical infrastructure gap in private markets by enabling fund issuance, tokenization, and digital discovery through institutional-grade settlement and compliance mechanisms. By joining the platform, StepStone is positioning itself to capitalize on the industry's shift toward more efficient distribution channels and enhanced investor access to private markets products.
David Jeffrey, Vice Chairman at StepStone, framed the initiative as essential to institutional investing standards: "The evolution of private markets requires infrastructure and data integrity consistent with institutional investing. By launching our evergreen strategies on LSEG's DMI platform, we are supporting efficient access to private markets through established market infrastructure." This statement underscores the industry's recognition that maturation of private markets in wealth management depends critically on innovation in both distribution infrastructure and data transparency.
The development reflects broader institutional demand for digital settlement services and on-chain infrastructure in private markets, where traditional settlement processes have created friction and limited accessibility for sophisticated investors. LSEG's DMI platform, now hosting major players like StepStone, signals momentum toward standardized digital infrastructure for private fund distribution at institutional scale.
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