Nasdaq teams up with German exchange on tokenized-securities settlement, pushing modernization of Europe’s capital-market infrastructure

Nasdaq has joined forces with Boerse Stuttgart Group to build tokenized-securities settlement infrastructure in Europe’s capital markets.

According to a Nasdaq statement cited by Cointelegraph on the 10th (local time), the company plans to work with Seturion, the tokenized settlement platform under Boerse Stuttgart Group, to connect European exchanges to a blockchain-based tokenized-securities settlement network.

The core of the partnership is to integrate Nasdaq’s European trading platform with the Seturion network so that trading and settlement of tokenized securities can be carried out via the platform.

In the initial phase, the rollout will focus on structured products, before expanding to a broader range of asset classes and market participants. Seturion’s platform is designed to support multiple asset classes across both public and private blockchain environments.

Nasdaq said it expects the collaboration to help improve Europe’s fragmented post-trade infrastructure and accelerate adoption of tokenized securities.

The announcement follows Nasdaq’s disclosure that it is developing infrastructure with Payward, the parent company of crypto exchange Kraken, to connect tokenized equities to blockchain networks.

That project aims to build an “equities transformation gateway,” and Nasdaq’s tokenized-equities framework is expected to go live in the first half of 2027.