Boerse Stuttgart has unveiled Seturion, a blockchain-powered settlement platform designed to streamline post-trade processes for tokenised assets across Europe. The exchange says the system can reduce settlement costs by up to 90 percent while addressing the current fragmentation of national infrastructures, reports Coindesk.
The platform has already been deployed at BX Digital, the Swiss trading venue regulated by FINMA, and was tested in the European Central Bank’s 2024 blockchain trials with several major banks. It is open to a wide range of participants including banks, brokers, tokenisation platforms, and both traditional and digital trading venues.
Public and private
According to Boerse Stuttgart, Seturion’s open architecture allows integration with both public and private blockchains. It supports settlement in central bank money as well as on-chain cash, enabling institutions to offer tokenised asset trading without requiring their own DLT license. Existing connections to market infrastructure can continue to be used.
A license application has been filed with Germany’s financial regulator BaFin under the EU’s DLT Pilot Regime. Boerse Stuttgart’s own trading venues will act as the platform’s first client, with further participants expected to join.
