Boerse Stuttgart unveils Seturion — a pan‑European platform for tokenized asset settlement
Boerse Stuttgart Group has launched Seturion, a blockchain-based settlement platform intended to unify cross-border settlement of tokenized assets across Europe. The platform is designed to connect banks, brokers, trading venues and tokenization platforms and supports both public and private blockchains. It can settle transactions either in central bank money or using on‑chain cash.
Seturion has already been trialed by local banks as part of experiments with the European Central Bank. Boerse Stuttgart said its own exchanges will be the first to connect to the system; the solution is already live at BX Digital, the group’s regulated DLT trading venue in Switzerland. Wider market participants will be able to join subject to the appropriate supervisory approvals.
The launch comes amid growing experimentation with tokenization across Europe, where banks, fund managers and fintechs are increasingly issuing traditional financial instruments such as bonds, equities and real estate products on blockchain infrastructure. These efforts have been supported in part by the EU’s DLT Pilot Regime, a framework that went into effect in March 2023 to allow regulated players to trial blockchain solutions in capital markets.
Industry developments cited alongside the Seturion launch include a number of recent tokenization projects in Europe and beyond: firms introducing custody and issuance platforms on networks such as Solana, brokerages and trading venues rolling out tokenization-focused layer‑2 solutions, and trading platforms expanding tokenized US equity offerings to additional blockchains. At the same time, large asset managers and alternative investment firms have been moving into tokenized funds and real‑world-asset programs, illustrating a broader global trend toward putting traditional assets on distributed ledgers.
Boerse Stuttgart describes Seturion as a step toward interoperable, regulated settlement infrastructure for tokenized assets in Europe, aiming to bridge legacy financial systems and blockchain-based markets while accommodating different ledger types and settlement mechanisms.
