Boerse Stuttgart Group has launched Seturion, a digital settlement platform intended to enhance post-trade processes for tokenized assets throughout Europe.

The blockchain-driven infrastructure aims to reduce cross-border issues, consolidate fragmented settlement systems, and lower costs by as much as 90%. According to the exchange, the platform is designed for all market participants, including banks, brokers, traditional and digital trading platforms, and tokenization platforms.

Seturion, which is operational at BX Digital, a DLT trading facility regulated by Switzerland’s FINMA, was also tested in the European Central Bank’s blockchain trials with major European banks in 2024.

“Seturion is the first digital pan-European settlement platform for tokenized assets,” said Boerse Stuttgart CEO Matthias Voelkel. “With a truly open architecture, we want to overcome current national settlement infrastructure silos and transform a unified European capital market into reality.”

The platform’s open architecture ensures simple integration, supporting both public and private blockchains, and allowing for settlement with central bank money alongside on-chain cash. It allows institutions to facilitate trading in tokenized assets without necessitating their own DLT license while still connecting to existing financial infrastructure.

Seturion’s initial participants include Boerse Stuttgart’s trading venues, with more expected to follow. Leadership of Seturion will involve Lidia Kurt as CEO, Sven Wilke as deputy CEO and chief growth officer, Dirk Kruwinnus as chief product officer, and Samuel Bisig as chief technology officer, while Lucas Bruggeman serves as the chairman of its board.

A license application is currently in process with BaFin, Germany’s financial regulator, under the EU’s DLT Pilot Regime.