Tokenization: Boerse Stuttgart Group launches settlement platform

  • Tokenization isn't just making progress in the US. As the Boerse Stuttgart Group announced, the company is launching Seturion, an open, modular infrastructure for the fast, cost-efficient, and international settlement of tokenized assets.
  • Seturion is aimed at all market participants in Europe: banks, brokers, traditional and digital trading venues, and tokenization platforms. Thanks to its open architecture and modular design, integration is simple – even without a separate DLT license. Existing connections between banks and brokers and trading venues remain usable.
  • The goal is to standardize the fragmented European settlement landscape and process transactions faster and more cost-effectively across all classes. It supports tokenized assets on public and private blockchains, as well as settlement against central bank money and on-chain money.
  • Seturion settlement is already in use at BX Digital, the DLT trading system regulated by the Swiss FINMA. Furthermore, the technology was successfully tested in the ECB's blockchain trials in 2024 together with leading European banks.
  • The various – traditional and digital – trading venues of the Boerse Stuttgart Group will connect to Seturion as pilot customers; further partners are to follow.
  • Dr. Matthias Voelkel, CEO of the Boerse Stuttgart Group, explains: “Seturion is the first digital pan-European settlement platform for tokenized assets. With a truly open architecture, we aim to overcome the current national silos in settlement infrastructure and implement a unified European capital market.”
  • Subject to regulatory approval, Seturion's leadership team will be led by Dr. Lidia Kurt. She says: “With Seturion, market participants across Europe can tap into new business opportunities around tokenized assets. Our partners benefit from significant processing cost savings of up to 90 percent. We have built our unique infrastructure over several years. With Seturion, we are scaling this infrastructure across Europe.”
  • The European capital market has so far lacked a cross-border solution for post-trade settlement of tokenized assets. With Seturion, the Boerse Stuttgart Group is positioning itself as a neutral infrastructure provider that promises interoperability across markets and technologies.

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