LSEG today announces plans to build an on-chain settlement capability, the LSEG Digital Securities Depository (DSD).
The LSEG DSD, a market infrastructure solution for institutional market participants, will be fully interoperable, connecting traditional and digital markets, supporting multiple chains, and seamless interaction between existing settlement platforms and emerging digital infrastructures. The first deliverable is planned for 2026, subject to regulatory approval.
LSEG already operates a DLT-based Digital Markets Infrastructure (DMI), powered by Microsoft Azure, which has enabled tokenisation and broader distribution of funds. Read more here: LSEG launches Digital Markets Infrastructure platform for private funds, and facilitates first transaction | LSEG.
The new DSD capability will drive greater collateral management efficiencies and facilitate access to liquidity for a broad range of assets, including fixed income, equities, and private markets.
LSEG is building to a future where most bonds issued and available on exchanges – and eventually most securities – are tokenised, enabling market participants to benefit from greater transparency and improved efficiency.
As part of the design and go-to-market process, LSEG will form a strategic partner group to ensure market feedback is incorporated into the build, and to unlock scale and enable issuance, settlement and trading in both digitally native and digital representation of traditional securities. Participants of this programme will be announced in due course.
Daniel Maguire, Group Head of Markets, LSEG:
“We look forward to welcoming new strategic partners as we build LSEG Digital Markets Infrastructure - a seamless ecosystem in which participants can move effortlessly between digital and traditional markets, connected across time zones and choice of payment options.”
Ryan Hayward, Head of Digital Assets, Barclays:
“LSEG’s Digital Securities Depository is a positive step in the development and adoption of digital assets across UK markets. Barclays will continue to work with the UK government, LSEG and other providers on exploring a range of digital assets, as well as developing our own use cases.”
Sir Ron Kalifa, Head of Financial Infrastructure, Brookfield:
“Brookfield is excited to continue expanding our partnership with LSEG around helping to shape the future of financial infrastructure innovation.”
Rob Hale, Co-Head of Global Markets, Lloyds:
“Lloyds welcomes LSEG’s commitment to building next generation digital market infrastructure. Through our work with tokenised deposits, tokenised gilts and digital wallets, we’ve seen how these innovations can deliver real benefits for businesses and investors. These capabilities can help clients compress settlement cycles, reduce operational risk and access liquidity more efficiently – ultimately improving how they raise, deploy and manage capital. We look forward to working with LSEG to help clients operate more efficiently and unlock new opportunities through digitally enabled financial services.”
Matt Harvey, Head of Digital Solutions, NatWest Markets:
“LSEG’s Digital Securities Depository represents an important step in modernising the UK’s financial market infrastructure. As digital securities move from pilot to scaled adoption, solutions that combine regulatory rigour with genuine interoperability will be critical. We welcome LSEG’s focus on practical, market‑wide connectivity and see this as a positive development for the UK’s digital capital markets ecosystem.”
Salman Ansari, Global Head, Capital Markets, Standard Chartered:
“The development of institutional-grade digital market infrastructure is a critical step in bridging traditional and digital capital markets. We welcome this initiative from LSEG that prioritises aspects around interoperability, operational resilience and integration with existing market plumbing. These elements are key to institutional adoption, which is needed to unlock scale for the next phase of digital fixed income market evolution.”
Angus Fletcher, Global Head of Digital Solutions, State Street:
“As tokenisation continues to mature, interoperability between traditional and digital market infrastructure will be critical. We are pleased to engage with LSEG as it develops the Digital Securities Depository, and we look forward to collaborating to assess models that support institutional adoption while meeting the operational and regulatory expectations of our clients.”
Contacts
LSEG Press Office
Harriet Leatherbarrow / Laura Banks
+44 (0)20 7797 1222
newsroom@lseg.com
www.lseg.com
Investors
Peregrine Riviere / Chris Turner – Investor Relations
About LSEG
LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.
With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.
LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.
LSEG’s ticker symbol is LSEG.
