LSEG Launches Digital Securities Depository for On-Chain Settlement
LONDON, United Kingdom – February 13, 2026 — LSEG announced the Digital Securities Depository (DSD) to enable on-chain settlement for institutional participants. The interoperable platform connects traditional and digital markets, driving collateral efficiencies and liquidity for fixed income, equities, and private markets. It builds on LSEG’s DLT-based Digital Markets Infrastructure (DMI) launched in September 2025.
Overview
LSEG plans to launch the first DSD deliverable in 2026, subject to regulatory approval. The solution supports multiple chains and seamless interactions between legacy settlement systems and digital infrastructures. LSEG aims to tokenize most exchange-issued bonds and eventually most securities for greater transparency and efficiency. Transaction volumes remain undisclosed.
Announcement Specifics
LSEG plans to launch the first DSD deliverable in 2026, subject to regulatory approval. The solution supports multiple chains and seamless interactions between legacy settlement systems and digital infrastructures. LSEG aims to tokenize most exchange-issued bonds and eventually most securities for greater transparency and efficiency. Transaction volumes remain undisclosed.
Stakeholder Perspectives
“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.”
— Daniel Maguire, Group Head of Markets at LSEG
Why it matters: Maguire’s statement underscores LSEG’s vision for a unified ecosystem bridging digital and traditional finance.
“The development of institutional-grade digital market infrastructure is a critical step in bridging traditional and digital capital markets.”
— Salman Ansari, Global Head of Capital Markets at Standard Chartered
Why it matters: Ansari highlights interoperability’s role in driving institutional adoption of tokenized assets.
Industry Context
Tokenization is accelerating across global finance, with platforms like LSEG’s DMI—powered by Microsoft Azure—already facilitating private fund issuance, settlement, and servicing. Partners including Barclays, Lloyds, NatWest, Brookfield, and State Street provide feedback to scale issuance and trading. This aligns with broader trends toward blockchain for faster settlements and reduced risk.
LSEG operates in 65 countries across EMEA, Asia Pacific, and beyond, employing over 26,000 people. The exchange’s EMEA presence positions the DSD to support global liquidity flows, including emerging markets where digital infrastructure could accelerate capital formation and cross-border settlement efficiency.
Conclusion
The DSD promises to unlock tokenized asset scale, with strategic partners shaping its rollout. The expected 2026 launch could transform settlement infrastructure, enhancing efficiency across asset classes and reducing operational friction between traditional and digital markets.
