Boerse Stuttgart Group has launched Seturion, the first pan-European blockchain-based settlement platform for tokenised assets, aiming to unify the fragmented regulatory landscape in the European capital market.

The platform is designed to be open to all market participants across Europe, including banks, brokers, trading venues, and tokenisation platforms.

Seturion enables the settlement of transactions across any asset class, supporting both public and private blockchains, as well as cash settlement against central bank money and on-chain cash. This modular approach is intended to make settlement faster and more cost-efficient, with the company claiming cost savings of up to 90 per cent for partners.

The platform is already in use at BX Digital, a Swiss Financial Markets Supervisory Authority (FINMA) regulated distributed ledger technology trading facility in Switzerland. Seturion was also successfully tested during the European Central Bank’s 2024 blockchain trials, which involved leading European banks such as Commerzbank, Deutsche Bank, DZ Bank, LBBW, Bankhaus Metzler and V-Bank.

Boerse Stuttgart’s open architecture allows trading venues to offer tokenised asset trading without the need for their own DLT licence, and banks and brokers can continue to use their existing connections. The group says this approach helps to break down national infrastructure silos and move towards a unified European capital market.

Matthias Voelkel, chief executive officer of Boerse Stuttgart Group, said: “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.”

Dr. Lidia Kurt, chief executive officer at Seturion, added: “Our partners benefit from significant cost savings in settlement of up to 90 per cent.”

Boerse Stuttgart Group has submitted a licence application to BaFin under the DLT Pilot Regime to further expand the platform’s reach. Several of the group’s trading venues will connect to Seturion, with additional partners expected to join in the near future.

Seturion’s launch marks a significant step in the evolution of capital markets infrastructure, providing a unified, efficient, and scalable settlement solution for tokenised assets across Europe.

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