Quick Breakdown:
- Boerse Stuttgart introduces Seturion, a pan-European blockchain platform for tokenized asset settlement.
- The platform enables up to 90% cost savings, supporting both public and private blockchains.
- Banks, brokers, and exchanges across Europe can connect without requiring their own DLT license.
Boerse Stuttgart Group has unveiled Seturion, the first pan-European blockchain settlement platform designed to unify fragmented digital asset markets and accelerate the adoption of tokenized finance. The exchange group, Europe’s sixth-largest, said Seturion could cut settlement costs by up to 90% while improving speed, transparency, and cross-border efficiency.
A New Backbone for Tokenized Finance
Seturion is built as an open infrastructure for the industry, linking banks, brokers, traditional and digital trading venues, and tokenization providers. By removing national barriers, the platform aims to boost liquidity and scale across Europe’s tokenized asset ecosystem.
Supporting both public and private blockchains, Seturion enables settlement against central bank money or on-chain cash, offering flexibility across asset classes. The platform is already live with BX Digital, a FINMA-regulated trading facility in Switzerland, and has been tested in the European Central Bank’s blockchain trials with leading banks.
Boerse Stuttgart said its own trading venues will act as the initial users, with more partners expected to connect in the coming months. Importantly, Seturion allows trading venues to offer tokenized assets without requiring their own distributed ledger license, lowering entry barriers for participants.
“Seturion is the first digital pan-European settlement platform for tokenized assets,”
said Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group.
“We designed it as an open industry solution to overcome national silos and move closer to a unified European capital market.”
Leadership and Regulatory Roadmap
Pending supervisory approval, the Seturion leadership team will include Dr. Lidia Kurt as CEO, Sven Wilke as Deputy CEO, Dirk Kruwinnus as Chief Product Officer, and Samuel Bisig as CTO. Lucas Bruggeman, Chief Digital Assets Officer at Boerse Stuttgart, has been named Chairman of the Board.
A license application under Europe’s DLT Pilot Regime has already been filed with BaFin. Once approved, Seturion will open to all European institutions, supporting settlement of tokenized equities, bonds, and digital-native assets.
The launch builds on Boerse Stuttgart Digital’s broader institutional push. Earlier this year, the group partnered with DekaBank, one of Germany’s largest asset managers, to provide fully regulated infrastructure for cryptocurrency trading.
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