Nasdaq to connect European trading venues to Seturion tokenized asset platform

The German exchange recently launched Seturion to all market participants and is set to connect its own trading venues to the platform. It supports all asset classes on public and private DLTs, as well as cash settlement against central bank money and on-chain cash.

Successfully tested as part of the ECB blockchain trials with leading European banks, Seturion is already in use at BX Digital, the Finma regulated DLT trading facility in Switzerland.

With an initial focus on structured products, Seturion and Nasdaq will work to expand the network of financial institutions connecting to Seturion, building an ecosystem of issuers, brokers, and other industry partners across Europe.

Roland Chai, president of European Market Services and head of Digital Assets at Nasdaq, says: “European capital markets face fragmentation and efficiency challenges that limit the region’s competitive potential. Tokenization presents a transformative opportunity to address inefficiencies in settlement and securities processing workflows, while preserving the trust, stability, and regulatory rigor that underpin well-functioning markets.

"This partnership builds on our broader vision for the future of market infrastructure, encompassing continuous operation across trading, clearing, settlement, risk management, and collateral. As an operator of critical market infrastructure and a leading financial technology provider, Nasdaq is uniquely positioned to lead this transformation.”

News of the linkup comes as Nasdaq releases details of its equity token design framework, Nasdaq equity token design, a new approach that will support tokenization of equities in a manner that preserves issuer control, existing regulatory frameworks, and the underlying rights associated with company shares.

“Tokenization has the potential to unlock the benefits of an always-on financial ecosystem - enhancing how investors access markets, how issuers engage with shareholders,” says Tal Cohen, president, Nasdaq. “We believe that public companies should always remain at the center of the equity market ecosystem. This issuer‑sponsored approach for tokenized equity securities is designed to empower public companies and enhance global accessibility to US equity markets.”

The initiative builds upon Nasdaq’s tokenization proposal, filed with the Securities and Exchange Commission in September 2025, in which the exchange proposed enabling equity securities - including, but not limited to the issuer-sponsored tokens - to trade on its markets and to settle in token form through the Depository Trust & Clearing Corporation.