Key Takeaways
- Boerse Stuttgart’s Seturion platform partnered with 3 major financial firms to build European blockchain rails.
- The unified framework will slash transaction costs for flatexDEGIRO’s 3.5 million retail brokerage clients.
- Tokenized structured securities will be the 1st asset class to roll out on the new on-chain settlement network.
Tokenized Assets and Trading Venues
Boerse Stuttgart Group’s digital settlement platform, Seturion, has partnered with three major financial institutions to build a pan-European, blockchain-based infrastructure designed to modernize and lower the costs of securities settlement across Europe. The collaboration brings together online broker flatexDEGIRO, French banking giant Societe Generale, and its crypto-asset subsidiary, Societe Generale-FORGE (SG-FORGE).
Under the partnership, Societe Generale will issue tokenized structured products, such as turbo warrants and investment certificates, through Seturion. Those digital assets will be traded on European trading venues, including Boerse Stuttgart’s own markets and Nasdaq’s European trading venues.
According to a news release, retail orders will be funneled directly through flatexDEGIRO, which serves more than 3.5 million customers across 16 countries. Transactions will be settled on-chain through Seturion using regulated euro- and U.S. dollar-pegged stablecoins provided by SG-FORGE.
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.”
Industry Shift Toward Digital Infrastructure
While the platform is built to handle all asset classes, tokenized structured securities will be the first to roll out due to their high transaction volumes.
“Faster and more cost-efficient settlement on tokenized rails is especially relevant for securities with high numbers of transactions and issued products,” said Lidia Kurt, CEO of Seturion.
Online brokerages are backing the shift toward digital ledgers to meet rising consumer demands for speed. Oliver Behrens, CEO of flatexDEGIRO, noted that execution quality and settlement efficiency are crucial in modern online brokerage, calling tokenization an area of “enormous potential.”
The initiative arrives as traditional financial institutions increasingly look to blockchain technology to upgrade legacy back-office functions.
Jean-Marc Stenger, CEO of SG-FORGE, said the collaboration acts as a bridge between the digital asset ecosystem and traditional finance, leveraging regulated stablecoins to ensure secure, on-chain settlement.
Christian Sagerer, a management board member at Societe Generale’s Frankfurt branch, added that the bank intends to use the blockchain infrastructure to drive innovation and enhance efficiency in how structured securities are issued and distributed.