Boerse Stuttgart Group has announced Seturion, a digital payments platform designed to streamline the post-trade process for tokenized assets across Europe.
The blockchain-based infrastructure aims to eliminate cross-border friction, unify fragmented payment systems and reduce costs by up to 90%, the exchange said Thursday.
Open to banks, brokers, traditional trading and digital trading venues and tokenization platforms, the platform is already in use by BX Digital, a FINMA-regulated DLT trading facility in Switzerland. It was tested in 2024 at a European Central Bank blockchain trial with a major European bank.
“Seturion is the first digital Pan-European settlement platform for tokenized assets,” Boerse Stuttgart CEO Matthias Voelkel said in the release. “We hope to overcome the silos of current national reconciliation infrastructure through truly open construction and transform the unified European capital market into a reality.”
Boerse Stuttgart said the platform’s open architecture will allow for easy integration to support both public and private blockchains, allowing central bank money and chain cash settlements. This allows institutions to continue using existing connections for market infrastructure while still providing trading of tokenized assets without the need for their own DLT licenses.
The company’s own trading venue will serve as “client zero” and more participants will soon be taking part.
With supervision approval pending, Seturion’s leadership team will be led by Lidia Kurt as CEO, Sven Wilke as Associate CEO and Chief Growth Officer, Dirk Kruwinnus as Chief Product Officer and Samuel Bisig as Chief Technology Officer. Boerse Stuttgart Chief Digital Assets Director Lucas Bruggeman has been appointed to chair the board.
A license application has been submitted to German financial regulator Bafin under the EU’s DLT pilot system.
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