Boerse Stuttgart Group Unveiled Seturion, a digital settlement platform designed to streamline post-trade processes for tokenized assets throughout Europe.
The blockchain-based infrastructure aims to eliminate cross-border frictions, unite fragmented settlement systems and reduce costs by as much as 90%, the exchange said on Thursday.
The platform, which is open to banks, brokers, traditional and digital trading sites and tokenization platforms, is already in use at BX Digital, Switzerland’s Finma-regulated DLT trading facility. It was tested in the European Central Bank’s blockchain trials with leading European banks in 2024.
“Seturion is the first digital pan-European settlement platform for tokenized assets,” said Boerse Stuttgart CEO Matthias Voelkel in release. “With a truly open architecture, we want to overcome the current national settlement infrastructure silos and make a unified European capital market a reality.”
Boerse Stuttgart said the open architecture of the platform allows for straightforward integration, supports both public and private blockchains and enables settlement in the central bank’s money and cash on the chain. It allows institutions to offer trade in tokenized assets without requiring their own DLT license while continuing to use existing relations with market infrastructure.
The company’s own trading sites will act as “client zero”, with several participants expected to attend soon.
In pending monitoring approval, Seturion’s leadership team is led by Lidia Kurt as CEO, Sven Wilke as Deputy CEO and Chief Growth Officer, Dirk Kruwinnus as Chief Product Officer and Samuel Bisig as Chief Technology Officer. Lucas Bruggeman, Boerse Stuttgarts Chief Digital Assets officer, has been appointed chairman of the board.
A license application has been submitted to Germany’s financial regulator Bafin under the EU’s DLT pilot regime.
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