Nasdaq Partners Boerse Stuttgart on Tokenized Settlement

Nasdaq has formed a strategic partnership with Boerse Stuttgart Group to integrate its European trading venues with Boerse Stuttgart Group===Seturion, a blockchain-based settlement platform for tokenized securities. This collaboration aims to modernize Europe's fragmented post-trade infrastructure by leveraging distributed ledger technology to streamline settlement processes. Initially focusing on structured products, the initiative plans to expand to other asset classes and market participants. The partnership seeks to address inefficiencies, reduce costs, and shorten settlement cycles within European capital markets, while operating within existing regulatory frameworks like Markets in Financial Instruments Directive II and the European Union DLT Pilot Regime. Both Nasdaq and Boerse Stuttgart Group anticipate that this will expand the ecosystem for trading and settling tokenized securities across Europe, improving speed and efficiency for market participants.