The Boerse Stuttgart Group officially unveiled Seturion, a pioneering blockchain platform designed for the settlement of tokenized assets. The initiative aims to unify fragmented post-trade settlement systems across Europe, offering a more streamlined infrastructure with the potential to reduce operational costs by up to 90 per cent. It is an important step in integrating blockchain technology into traditional financial systems and creating a standardised European framework for digital assets.
Boerse Stuttgart Group Launches First Digital Pan-European Settlement Platform For Tokenized Assets: Seturion https://t.co/uM4f6ODmKs
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What Seturion is and why it is necessary
Seturion is an open blockchain infrastructure that provides access to a wide range of market participants, including banks, brokers, both traditional and digital trading platforms and tokenization platforms. The platform supports both public and private blockchains, enabling settlement in national currencies (central bank money) as well as on-chain digital currencies.
This versatility allows traders to trade tokenized assets without the need to own their own DLT (Distributed Ledger Technology) licence, while maintaining essential connections to the existing market infrastructure.
By offering a centralised yet flexible settlement environment, Seturion addresses long-standing inefficiencies in European post-trade systems, such as fragmented processes, duplicated infrastructure and excessive operational costs. The goal is to create a cohesive pan-European network that facilitates faster and cheaper transactions while ensuring regulatory compliance.
Already tested and ready to scale
Seturion is already operational on BX Digital, a Swiss FINMA-regulated platform, and has successfully passed tests conducted in the European Central Bank's blockchain pilot programme in 2024.
These tests, carried out with the participation of some of Europe's leading banks, demonstrated the technical reliability and scalability of the platform, confirming its readiness for a large-scale continental deployment.
The infrastructure is modular and can easily integrate with both existing financial systems and new tokenization projects. This feature is crucial to foster adoption by financial players with different levels of technological maturity and regulatory requirements.
Strategy and Leadership
Boerse Stuttgart's own in-house trading platforms are acting as 'Client Zero', providing a real-world environment for the launch and refinement of the platform. Other market participants are expected shortly, as Seturion moves towards large-scale adoption.
Seturion's leadership team is poised for growth, pending regulatory approval under the German BaFin's DLT pilot scheme.
- Dr. Lydia Kurth will be CEO
- Sven Wilcke Deputy CEO and Chief Growth Officer
- Dirk Kruvinnus Chief Product Officer
- Samuel Bisig Chief Technology Officer
- Lukas Bruggemann, Head of Digital Assets at Boerse Stuttgart, was appointed Chairman of the Board of Directors
Second Dr. Matthias Völkel, CEO of the Boerse Stuttgart Group, Seturion's primary goal is to break down national barriers in settlement systems and build a unified European capital market.
Dr. Kurth emphasised that the platform offers unprecedented access to tokenized asset markets, with potential savings of up to 90%. The infrastructure has been developed over the course of several years and is now fully ready for a scalable, pan-European implementation.
A historic step for digital Europe
The launch of Seturion represents the first large-scale initiative to standardise the settlement of tokenized assets in Europe. By integrating blockchain into traditional settlement processes, the platform addresses infrastructure fragmentation, reduces costs and simplifies access for a wide range of market participants, from established banks to innovative crypto projects.
Gaining a licence under the DLT pilot scheme demonstrates that Seturion is compliant with European regulations and ready to operate in a fully regulated environment. This initiative can serve as a model for other financial players wishing to adopt blockchain solutions and is set to stimulate the development of Europe's digital financial markets.
Seturion thus represents an innovative approach to the settlement of digital assets, showing how technology can transform the financial infrastructure on a continental scale.
