Boerse Stuttgart Targets Europe’s Fragmented Markets With Tokenized Trades
Tech Boerse Stuttgart Targets Europes Fragmented Markets With Tokenized Trades Boerse Stuttgart Groups digital settlement platform, Seturion, has partnered with three major financial institutions to build a pan-European, blockchain-based infrastructure designed to modernize and lower the costs of securities settlement across Europe. The collaboration brings together online broker flatexDEGIRO, French banking giant Societe Generale, and its crypto-asset subsidiary, Societe Generale-FORGE (SG-FORGE). Under the partnership, Societe Generale will issue tokenized structured products, such as turbo warrants and investment certificates, through Seturion. Those digital assets will be traded on European trading venues, including Boerse Stuttgart‘s own markets and Nasdaq’s European trading venues. According to a news release, retail orders will be funneled directly through flatexDEGIRO, which serves more than 3.5 million customers across 16 countries. Transactions will be settled on-chain through Seturion using regulated euro- and U.S. dollar-pegged stablecoins provided by SG-FORGE. Seturion officials said the blockchain-based network addresses Europes fragmented post-trade environment by supporting public and private blockchains, reducing overall settlement costs and shortening transaction cycles. “With Seturion, we are building the European settlement platform for the unified European capital market that is emerging as a result of the Capital Markets Union,” said Matthias Voelkel, CEO of Boerse Stuttgart Group. “As an open industry solution, Seturion contributes