PANews reported on March 10th that, according to Cointelegraph, Nasdaq is partnering with Seturion, the tokenized settlement platform of the Stuttgart Exchange Group, to connect its European trading venues to the platform and use distributed ledger technology to settle tokenized securities. The collaboration will initially focus on structured products, aiming to support faster settlement of tokenized assets in European capital markets.

Seturion supports multiple asset classes on both public and private distributed ledger networks, allowing transaction settlement using central bank currency or on-chain cash. The platform plans to open to a wider network of financial institutions across Europe. Both parties stated that by using distributed ledger technology, the shared platform helps reduce settlement times and operational complexity in the European market, addressing the fragmentation of post-transaction infrastructure in Europe.