Nasdaq has reached a partnership with Seturion, a tokenization platform under the Stuttgart Stock Exchange

Nasdaq has announced that it is collaborating with Stuttgart Stock Exchange Group's tokenized settlement platform Seturion, focusing on structured products to support faster settlement of tokenized assets in the European capital markets.

Seturion supports various asset classes on public and private distributed ledger networks, allowing transactions to be settled using central bank funds or on-chain cash. Stuttgart Stock Exchange stated that Seturion will be opened to a broader network of financial institutions across Europe. Over time, the participation scope will expand to include more issuers, brokers, and financial institutions, reducing settlement times and operational complexity in the European market.