Nasdaq is integrating its European trading venues with Boerse Stuttgart Group’s tokenized settlement platform, Seturion. The collaboration aims to use distributed ledger technology for faster settlement of tokenized securities, initially focusing on structured products.
Nasdaq announced it is working with Boerse Stuttgart Group‘s platform, Seturion, to connect its European trading venues to infrastructure for settling tokenized securities. The partnership will initially focus on structured products and aims to support faster settlement across European capital markets.
Seturion supports multiple asset classes across public and private distributed ledger networks. The platform allows transactions to be settled using either central bank money or on-chain cash and is intended to be open to a broader network of European financial institutions.
Under the partnership, Nasdaq will link its European venues to Seturion so tokenized securities traded there can be settled through the platform. The companies plan to expand participation to additional issuers, brokers, and financial institutions over time.
The partnership aims to address fragmentation in Europe’s post-trade infrastructure, where settlement is handled by multiple national systems. By using distributed ledger technology, a shared platform could help reduce settlement times and operational complexity.
The European Central Bank in April said there was “an urgent need to integrate Europe’s fragmented capital markets, not only in the area of post-trade but also in supervision and other areas.” The system is designed to operate within existing European regulatory frameworks, including MiFID II and the DLT Pilot Regime.
Exchange operators are increasingly exploring tokenized versions of traditional securities. In January, the New York Stock Exchange and its parent Intercontinental Exchange said they were developing a platform for trading tokenized stocks and ETFs.
Tokenized public equities have grown to about $1 billion in total onchain value, according to data from RWA.xyz.
