Boerse Stuttgart has launched Seturion, a dedicated blockchain-based settlement platform for tokenized assets. The platform can be used across borders and handles multiple asset classes.

While other exchanges, such as SIX, offer digital asset services through integrated systems like SIX Digital Exchange, these platforms generally operate as closed ecosystems. In contrast, Seturion is a modular platform designed to connect multiple trading venues across Europe.

Dedicated Platform Supports Banks, Brokers, Venues

“We want to overcome current national settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term infrastructure silos and turn a unified European capital market into reality,” commented Matthias Voelkel, CEO of Boerse Stuttgart.

“So 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,” he explained.

Seturion is available to banks, brokers, trading venues, and tokenization Tokenization Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Tokenization represents the process of substituting a sensitive data element with a non-sensitive equivalent, i.e. token, which bears no extrinsic or exploitable meaning or value. In essence, the rights to the ownership of an asset are converted into a digital token. Tokenization can be used to own an entire unit of an asset. For example, one token that represents the ownership of a piece of real estate or to split ownership of a single unity of an asset such as 200,000 tokens, each one represen Read this Term platforms. It supports tokenized assets on public and private blockchains, as well as cash settlement using central bank money or on-chain cash.

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Boerse Stuttgart says the dedicated platform aims to make settlement faster and more cost-efficient.

Platform Tested in ECB, Active Switzerland

The system was tested as part of ECB blockchain trials with several European banks. It is also in use at BX Digital, a Finma-regulated DLT trading facility in Switzerland. Boerse Stuttgart says all European trading venues can connect to the platform using existing infrastructure.

Boerse Stuttgart Digital Secures First MiCA

Germany has granted one of its first MiCA licenses to Boerse Stuttgart Digital. The approval allows the exchange’s digital unit to operate across all 27 EU member states.

Issued by Germany’s regulator BaFin, the license aligns with the MiCA regulations, which streamline licensing for crypto service providers across Europe. Boerse Stuttgart Digital is reportedly the first German firm to receive this EU-wide approval, following delays in Germany’s crypto regulation due to political challenges.