Nasdaq has signed an agreement with Seturion, the tokenized settlement platform of Boerse Stuttgart Group, to modernize Europe’s post-trade infrastructure.
Nasdaq has announced a partnership with Seturion, the tokenized settlement platform of Boerse Stuttgart Group, with the goal of modernizing Europe’s post-trade infrastructure – described as “fragmented” – and accelerating the adoption of tokenized securities across the continent.
The partnership involves connecting Nasdaq’s European trading venues to Seturion’s blockchain-based platform, enabling the trading and settlement of tokenized securities across the network. In an initial phase, the collaboration will focus on structured products, with plans to expand to additional asset classes and market participants. The Seturion platform supports all asset classes on both public and private blockchains.
The stated objective is to address the fragmentation of post-trade systems that makes cross-border securities settlement inefficient in Europe. As stated in the official press release: “European capital markets are highly fragmented, with numerous post-trade infrastructure providers and legal divergences within the European Union, resulting in higher costs, longer settlement cycles, and operational complexity.”
Through its connection with Seturion, Nasdaq aims to create a “unified settlement platform” leveraging blockchain technology. Roland Chai, President of European Market Services and Head of Digital Assets at Nasdaq, stated: “Tokenization represents a transformative opportunity to address inefficiencies in settlement workflows and securities processes, while preserving the trust, stability, and regulatory rigor that underpin well-functioning markets.”
The announcement follows another partnership signed on the same day by Nasdaq with Payward, the parent company of Kraken, to develop infrastructure linking tokenized equities to blockchain networks
