Nasdaq has partnered with Boerse Stuttgart Group’s Seturion to expand European tokenised trading and settlement.
The exchange will connect European trading venues to Seturion’s platform for tokenised assets, enabling faster and more cost-efficient settlement.
The partnership will begin with a focus on structured products, and Seturion and Nasdaq will work to expand the network of financial institutions connecting to Seturion to build an ecosystem of issuers, brokers and other industry partners across Europe.
Europe’s capital markets are currently highly fragmented, with numerous post-trade infrastructure providers and legal divergence across the European Union. This fragmentation leads to higher costs, longer settlement cycles and operational complexity.
The partnership between Seturion and Nasdaq addresses these challenges by leveraging distributed ledger technology (DLT) to create a single, unified settlement platform while maintaining full alignment with European regulation, including MiFID II and the DLT Pilot Regime.
Dr. Lidia Kurt, CEO of Seturion, said: “Financial markets should no longer rely on legacy post-trade infrastructure that was not designed for a digital world. Seturion was created to fundamentally improve how transactions are settled by removing friction, reducing complexity, and enabling a new level of efficiency.”
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 rigour that underpin well-functioning markets. This partnership builds on our broader vision for the future of market infrastructure, encompassing continuous operation across trading, clearing, settlement, risk management and collateral.”
Boerse Stuttgart Group launched Seturion in 2025 as a settlement platform open to all market participants, and the group is set to connect its own trading venues to the platform. It supports all asset classes on public and private DLTs, as well as cash settlement against central bank money and on-chain cash.
Nasdaq also partnered with crypto firm Kraken this week to offer tokenised stocks, expanding the exchange’s offering to include 24/7 blockchain trading.
