Nasdaq announced on Monday that it will connect its European markets to Seturion, a pan-European blockchain-based payments platform for tokenized assets operated by Bose Stuttgart Group, to increase payment efficiency and reduce fragmentation.
The initiative aims to modernize post-trade infrastructure, improve efficiency and accelerate the adoption of tokenized securities across Europe.
The partnership will initially focus on structured products, facilitating faster, cheaper and more seamless payments while supporting compliance with European regulations such as MiFID II and the DLT pilot regime.
European financial markets suffer from fragmentation and operational inefficiencies that are hindering the region’s potential, according to Nasdaq’s Roland Chai. He said tokenization offers a way to improve payments and securities processes while maintaining strict regulation and market stability.
“This partnership builds on our broader vision for the future of market infrastructure, encompassing ongoing operations across trading, clearing, settlement, risk management and collateral,” Chai said.
Launched in September 2025, Seturion provides an integrated payments solution for the European post-trade ecosystem, offering fast, cost-effective transactions for all asset classes on public and private blockchains and cash settlements using central bank money and on-chain cash.
Its open architecture is being tested in the ECB blockchain trial, with Boerse Stuttgart venues such as BX Digital serving as initial clients.
Dr. Matthias Voelkel, CEO of Borse Stuttgart Group, characterized Nasdaq as “the absolute leader in its field” and the first partner to join Seturion’s network. The platform represents an effort to overcome what Mr. Voelkel described as “silos in national payment infrastructures” that have hindered the realization of a unified European capital market.
This morning, Nasdaq also announced plans to launch an equity token framework to modernize its share ownership, investor engagement, and trading infrastructure.
In collaboration with Kraken’s parent company, Payward, the exchange connects traditional exchanges and blockchain networks, ensuring full legal equivalence, issuer control, and global market access.
Disclosure: This article was edited by Vivian Nguyen. Please see our Editorial Policy for more information on how we create and review content.
