Boerse Stuttgart Targets Europe's Fragmented Markets With Tokenized Trades

Seturion, Boerse Stuttgart Group’s digital settlement platform, partnered with flatexDEGIRO, Societe Generale, and Societe Generale-FORGE to build pan-European blockchain infrastructure for securities settlement. Societe Generale will issue tokenized structured products, including turbo warrants and investment certificates, through Seturion. The tokenized assets will trade on European venues, including Boerse Stuttgart markets and Nasdaq’s European trading venues. Retail orders will be routed through flatexDEGIRO, which serves more than 3.5 million customers across 16 countries. Settlement will occur on-chain via Seturion using regulated euro- and U.S.-dollar-pegged stablecoins supplied by SG-FORGE. The network supports public and private blockchains to address fragmentation, reduce settlement costs, and shorten transaction cycles.

"Seturion officials said the blockchain-based network addresses Europe's fragmented post-trade environment by supporting public and private blockchains, reducing overall settlement costs and shortening transaction cycles. With Seturion, we are building the European settlement platform for the unified European capital market that is emerging as a result of the Capital Markets Union, said Matthias Voelkel, CEO of Boerse Stuttgart Group. As an open industry solution, Seturion contributes to overcoming Europe's fragmented settlement landscape."

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