Gate News: On March 10, Nasdaq is partnering with Seturion, a tokenized settlement platform under the German Stuttgart Exchange Group, to connect its European trading venues with the platform and settle tokenized securities using distributed ledger technology. The initial focus of this collaboration will be on structured products—financial instruments that combine fixed-income securities with derivatives—aiming to enable faster settlement of tokenized assets in the European capital markets. Seturion supports multiple asset classes on both public and private distributed ledger networks, allowing trading and settlement using central bank digital currencies or on-chain cash. The platform plans to open to a broader network of European financial institutions. Both parties state that by utilizing distributed ledger technology, the shared platform can help reduce settlement times and operational complexity in European markets, addressing the fragmentation of post-trade infrastructure across Europe.
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