Nasdaq has entered a strategic partnership with Seturion, the pan-European settlement platform for tokenised assets launched by Boerse Stuttgart Group, to support the modernisation of Europe’s post-trade infrastructure.
Boerse Stuttgart Group recently introduced Seturion as a settlement platform open to market participants across Europe and plans to connect its own trading venues to the platform.
Seturion supports multiple asset classes on both public and private distributed ledger technologies (DLTs), and enables cash settlement against central bank money as well as on-chain cash.
Under the partnership, Nasdaq’s European trading venues will connect to Seturion to support the trading of tokenised securities settled through the platform.
The initial focus will be on structured products, with both parties aiming to expand participation among issuers, brokers, and other financial institutions across Europe.
The collaboration seeks to address inefficiencies in Europe’s fragmented post-trade environment by using DLT to streamline settlement processes while maintaining existing regulatory and operational frameworks.
The partners said the initiative aims to enable faster and more cost-efficient settlement of tokenised assets while maintaining established market structures and client workflows.
Europe’s capital markets remain fragmented, with multiple post-trade infrastructure providers and differing legal frameworks across the European Union.
This has contributed to higher costs, longer settlement cycles, and operational complexity.
The companies said the platform is designed to support a unified settlement environment while aligning with existing regulations, including MiFID II and the DLT Pilot Regime.
Roland Chai, President of European Market Services and Head of Digital Assets at Nasdaq, said:
“European capital markets face fragmentation and efficiency challenges that limit the region’s competitive potential. Tokenisation presents a transformative opportunity to address inefficiencies in settlement and securities processing workflows, while preserving the trust, stability, and regulatory rigor that underpin well-functioning markets.”
Matthias Voelkel, Chief Executive Officer of Boerse Stuttgart Group, said:
“As an open industry solution, Seturion contributes to overcome current national settlement infrastructure silos and to turn a unified European capital market into reality. We are delighted to welcome Nasdaq, an absolute leader in its field, as Seturion’s first partner and look forward to scaling Seturion across Europe.”
Featured image credit: Edited by Fintech News Switzerland, based on image by escapejaja via Freepik
