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The Stuttgart Stock Exchange has launched a blockchain platform designed for the rapid and cost-effective settlement of tokenized asset transactions, with the goal of eliminating obstacles to the establishment of a unified European capital market.
Boerse Stuttgart Group has unveiled Seturion, the inaugural pan-European digital trading platform for the settlement of transactions involving tokenized assets. This initiative aims to consolidate the fragmented European market, remove cross-border challenges, and greatly enhance the efficiency of digital securities transactions.
Boerse Stuttgart Group ranks as the sixth-largest exchange group in Europe, encompassing venues in Germany, Sweden, and Switzerland, and employing approximately 700 individuals across seven cities.
Seturion is accessible to all market participants, including banks, brokers, traditional and digital exchanges, as well as tokenization platforms throughout Europe. A notable aspect of the platform is its open modular architecture, which facilitates seamless integration for various market participants.
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The platform accommodates both public and private blockchains, permitting settlements using central bank money or stablecoins (on-chain cash). This establishes a cohesive and efficient infrastructure for all asset categories. As stated in the press release, utilizing Seturion can lead to a reduction in settlement costs by as much as 90%.
The solution is currently being utilized by the Swiss trading venue BX Digital, which operates under the oversight of the financial regulator FINMA. Furthermore, in 2024, the platform successfully completed testing during blockchain trials conducted by the European Central Bank, involving prominent European banks.
Initial connections to Seturion will be established by Boerse Stuttgart Group’s own trading venues, followed by collaborations with partners across Europe.
In January 2025, the Stuttgart Stock Exchange obtained a license from Germany’s Federal Financial Supervisory Authority (BaFin), becoming the first fully licensed crypto services provider in Germany under the EU’s MiCA regulation.
Сообщение First Pan-European Platform for Tokenized Assets Launched появились сначала на CoinsPaid Media.
