Nasdaq Partners with Stuttgart Exchange's Tokenization Platform Seturion

BlockBeats News, March 10th, Nasdaq announced that it is collaborating with the Stuttgart Exchange Group's tokenization settlement platform Seturion, focusing on structured products to facilitate faster settlement of tokenized assets in the European capital markets.

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