Boerse Stuttgart Group has unveiled Seturion, a new blockchain-based settlement platform aimed at consolidating post-trade systems for tokenized assets across Europe. Launched Sept. 4, the platform is designed to remove cross-border frictions and could reduce settlement costs by up to 90%, the exchange said.
Seturion uses an open architecture that supports both public and private blockchains and enables settlement in central bank money as well as on-chain cash. The design lets banks, brokers, trading venues and tokenization platforms connect without requiring each participant to hold a separate DLT license, allowing firms to offer trading in tokenized assets while retaining links to existing market infrastructure.
The platform is already live at BX Digital, Switzerland’s FINMA-regulated DLT trading facility, and was trialed in the European Central Bank’s blockchain experiments with major banks in 2024. Boerse Stuttgart’s own trading venues will act as client zero, with additional participants expected to join in the near term.
Pending supervisory approval, Seturion’s executive team will include 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; Lucas Bruggeman has been named chairman of the board. A license application has been filed with Germany’s BaFin under the EU’s DLT Pilot Regime.
Why it matters: a unified, interoperable settlement layer could cut costs, speed settlement and lower barriers for institutional adoption of tokenized assets. Remaining risks include the need for regulatory approvals, successful interoperability with existing systems, operational resilience and smooth participant onboarding.
Source: Boerse Stuttgart Group. Read the original coverage for full details.