Nasdaq will connect its European markets to Seturion, the pan-European blockchain-based settlement platform for tokenized assets operated by Boerse Stuttgart Group, with the aim of improving settlement efficiency and reducing fragmentation, the company announced on Monday.
The initiative aims to modernize post-trade infrastructure, improve efficiency and accelerate the adoption of tokenized securities across Europe.
With an initial focus on structured products, the partnership will facilitate faster, cheaper and more transparent settlement while supporting compliance with European regulations such as MiFID II and the DLT pilot regime.
According to Nasdaq’s Roland Chai, European financial markets are grappling with fragmentation and operational inefficiencies that are hampering the region’s potential. He said tokenization offers a way to improve settlement and securities processes while ensuring regulatory rigor and market stability.
“This partnership builds on our broader vision for the future of market infrastructure, encompassing seamless operations in trading, clearing, settlement, risk management and collateralization,” Chai said.
Seturion, launched in September 2025, provides a unified settlement solution for the European post-trade ecosystem, offering fast and cost-effective transactions for all asset classes on public and private blockchains, as well as cash settlement using central bank currency and on-chain cash.
Its open architecture has been tested in ECB blockchain trials, with Boerse Stuttgart sites like BX Digital acting as initial customers.
Dr. Matthias Voelkel, CEO of the Boerse Stuttgart Group, called Nasdaq “an absolute leader in its field” and the first partner to join the Seturion network. The platform represents an effort to overcome what Voelkel described as “national settlement infrastructure silos” that have prevented the realization of a unified European capital market.
Nasdaq also revealed plans this morning to launch an equity token framework to modernize ownership, investor engagement and trading infrastructure.
Working with Payward, Kraken’s parent company, the exchange will connect traditional exchanges and blockchain networks, ensuring full legal equivalence, issuer control and global market access.
