The Stuttgart Stock Exchange introduced a blockchain platform for fast and cost-efficient settlement of tokenized asset transactions, aiming to remove barriers to creating a unified European capital market.
Boerse Stuttgart Group announced the launch of Seturion, the first pan-European digital trading venue for settling transactions with tokenized assets. The initiative seeks to unify the fragmented European market, eliminate cross-border barriers, and significantly improve the efficiency of digital securities operations.
Boerse Stuttgart Group is the sixth-largest exchange group in Europe, combining venues in Germany, Sweden, and Switzerland, with around 700 employees across seven cities.
Seturion is open to all market participants, including banks, brokers, traditional and digital exchanges, as well as tokenization platforms across Europe. A key feature of the platform is its open modular architecture, enabling easy integration for various market players.
The platform supports both public and private blockchains, allowing settlements using central bank money or stablecoins (on-chain cash). This creates a unified and efficient infrastructure for all asset classes. According to the press release, using Seturion can reduce settlement costs by up to 90%.
The solution is already in use by Swiss trading venue BX Digital, operating under the supervision of financial regulator FINMA. In addition, in 2024 the platform successfully passed testing during blockchain trials organized by the European Central Bank with the participation of leading European banks.
Initial connections to Seturion will be made by Boerse Stuttgart Group’s own trading venues, followed by partners across Europe.
In January 2025, the Stuttgart Stock Exchange received a license from Germany’s Federal Financial Supervisory Authority (BaFin), becoming the first German fully licensed crypto services provider under the EU’s MiCA regulation.
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