Gate News reports that on March 10, Nasdaq announced a partnership with Stuttgart Stock Exchange Group’s tokenized settlement platform Seturion, focusing on the tokenization and settlement of structured products (a type of financial derivative). The goal is to support faster settlement of tokenized assets in the European capital markets. The Seturion platform supports multiple asset classes on public and private distributed ledger networks, allowing transactions to be settled using central bank funds or on-chain cash. Stuttgart Stock Exchange stated that Seturion will be open to a broader network of European financial institutions, with the scope expanding over time to include more issuers, brokers, and financial institutions, aiming to shorten settlement times and reduce operational complexity in the European market.
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