Nasdaq has entered into a strategic partnership with Seturion, the Boerse Stuttgart Group’s pan-European settlement platform for tokenised assets. The collaboration aims to address the fragmentation of Europe’s capital markets by leveraging distributed ledger technology (DLT) to create a more unified settlement ecosystem. Initially focusing on structured products, Nasdaq’s European trading venues will connect to Seturion to facilitate the trading and settlement of tokenised securities.
The partnership seeks to improve market efficiency by reducing the operational complexity and costs associated with traditional post-trade processes. Seturion supports various asset classes on public and private DLTs, allowing for cash settlement against central bank money and on-chain cash. By maintaining alignment with European regulations, such as MiFID II and the DLT Pilot Regime, the initiative preserves trusted market structures while providing issuers and investors with faster, more cost-efficient settlement cycles.
Moving forward, Nasdaq and Seturion intend to expand this network to include a broader range of financial institutions, brokers, and issuers across Europe. This long-term expansion aims to accelerate the adoption of tokenised securities and streamline the European settlement landscape through a single, integrated platform.
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