Boerse Stuttgart Launches Seturion for Tokenized Asset Settlements in Europe

Boerse Stuttgart Group launched Seturion, a digital settlement platform for tokenized assets in Europe. Key details include:

Designed to streamline post-trade processes and reduce costs by up to 90%
Aims to eliminate cross-border frictions and unify fragmented settlement systems
Already operational at BX Digital, Switzerland’s regulated DLT trading facility
Tested with leading European banks during the European Central Bank's blockchain trials in 2024
Open to banks, brokers, traditional and digital trading venues, and tokenization platforms
Supports public and private blockchains, enabling settlement in central bank money and on-chain cash
Allows institutions to trade tokenized assets without needing their own DLT license
Pending approval, leadership includes Lidia Kurt as CEO and Lucas Bruggeman as chairman of the board
A license application has been submitted to Germany’s BaFin under the EU’s DLT Pilot Regime