Nasdaq partners with Boerse Stuttgart’s Seturion to advance tokenized settlement in Europe

Nasdaq has formed a partnership with Seturion, a tokenized settlement platform owned by Boerse Stuttgart Group, to modernize Europe's fragmented post-trade infrastructure and accelerate the adoption of tokenized securities. This collaboration will link Nasdaq's European trading venues to Seturion's blockchain-based platform, initially focusing on structured products before expanding to other asset classes. The initiative aims to create a "single, unified settlement platform" using blockchain technology to overcome the inefficiencies, higher costs, and complexity caused by the patchwork of post-trade systems and legal divergence across the EU. This move follows Nasdaq's previous partnership with Payward (Kraken's parent company) to link tokenized equities to blockchain networks, reflecting a broader trend of traditional financial operators entering the digital asset space.

(Source：The Block)