Nasdaq Partners with Boerse Stuttgart’s Seturion for tokenized Settlement

Nasdaq is partnering with Seturion, the tokenized settlement platform from Boerse Stuttgart Group, to integrate its European trading venues with infrastructure designed for settling tokenized securities via distributed ledger technology (DLT). The initial focus of this collaboration will be on structured products, aiming to accelerate settlement times for tokenized assets across European capital markets. Seturion supports various asset classes on public and private DLT networks, allowing settlement using central bank money or on-chain cash, and is intended to be open to a wider network of financial institutions. This partnership seeks to mitigate fragmentation in Europe's post-trade infrastructure, where multiple national systems cause complexity, by using a shared DLT platform to reduce settlement times. The system is designed to comply with existing European regulations like MiFID II and the DLT Pilot Regime. This move aligns with a broader trend of traditional exchanges exploring tokenization to modernize capital market infrastructure, as seen in Nasdaq's other tokenization partnerships and efforts by the DTCC and NYSE.

(Source：Cointelegraph)