Nasdaq is linking its European trading venues to Boerse Stuttgart Group’s tokenised settlement platform Seturion in a move aimed at enabling blockchain-based settlement of securities across fragmented European capital markets.
The collaboration will initially focus on structured products and is designed to allow tokenised assets traded on Nasdaq’s European markets to be settled using distributed ledger technology.
The companies said the initiative aims to support faster settlement and broader institutional participation as tokenised financial infrastructure expands across Europe.
Seturion supports multiple asset classes across both public and private distributed ledger networks and allows transactions to settle using either central bank money or on-chain cash.
The platform is intended to be open to a wider network of European financial institutions as Nasdaq and Boerse Stuttgart gradually expand participation to additional issuers, brokers and market participants.
The partnership also seeks to address Europe’s fragmented post-trade environment, where settlement is handled through multiple national systems with different rules and processes.
Interest in tokenised securities is growing among major exchanges globally, with tokenised public equities reaching about $1.01 billion in total on-chain value as traditional market infrastructure providers explore blockchain-based settlement.