Boerse Stuttgart Group is developing the infrastructure for the future of the digital capital market with Seturion, a pan-European, blockchain-based platform designed to enable faster and more cost-efficient settlement of tokenised assets across national borders.
Seturion is accessible to all market participants in Europe, including banks, brokers, trading venues, both traditional and digital, and tokenisation platforms.
Its open architecture and modular design allow straightforward integration.
The platform represents the first pan-European solution aimed at reducing cross-border barriers and addressing fragmentation in the settlement landscape, which currently limits the integration of European capital markets.
The platform is intended to make settlement of transactions across asset classes faster and more cost-effective.
Its modular design supports tokenised assets on both public and private blockchains, as well as cash settlement using central bank money and on-chain cash.
The Seturion settlement solution is already in use by BX Digital, a FINMA-regulated DLT trading facility in Switzerland, and was successfully tested in 2024 during the ECB blockchain trials involving leading European banks.
All trading venues across Europe can connect to Seturion, enabling the trading of tokenised assets without the need for their own DLT license. Banks and brokers can continue to use existing connections to trading venues. Boerse Stuttgart Group’s own trading venues will act as initial clients, with additional partners expected to join.
Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group, said:
“Seturion is the first digital pan-European settlement platform for tokenised assets. With a truly open architecture, we want to overcome current national settlement infrastructure silos and turn a unified European capital market into reality. So we designed Seturion as an industry solution: It is open to all market participants and we are looking forward to building and scaling Seturion together with them.”
Subject to supervisory approval, the Seturion leadership team will be headed by Dr. Lidia Kurt (CEO), alongside Sven Wilke (Deputy CEO and CGO), Dirk Kruwinnus (CPO), and Samuel Bisig (CTO), all experienced in tokenised assets.
Lucas Bruggeman, Boerse Stuttgart Group’s Chief Digital Assets Officer, is designated Chairman of the Board of Directors of Seturion, also subject to supervisory approval.
Boerse Stuttgart Group has submitted a license application to BaFin under the DLT Pilot Regime.
Dr. Lidia Kurt said:
“With Seturion, market participants across Europe can tap into new business opportunities around tokenised assets. Our partners benefit from significant cost savings in settlement of up to 90%. We have been building our unique infrastructure for several years. With Seturion, we are now leveraging this infrastructure to scale across Europe.”
Featured image credit: Boerse Stuttgart Group
