Boerse Stuttgart Group has rolled out the first pan-European, blockchain-based platform for the settlement of tokenised assets, as it seeks to unify the fragmented regulatory landscape in the European capital market.

Called Seturion, the platform is open to all market participants in Europe, including banks, brokers, traditional and digital trading venues, and tokenisation platforms.

Seturion aims to make the settlement of transactions within any asset class faster and more cost-efficient thanks to its modular settlement solution which supports tokenised assets on public and private blockchains, as well as cash settlement against central bank money and on-chain cash.

Its settlement solution is already used by BX Digital, the Swiss Financial Markets Supervisory Authority (FINMA) regulated distributed ledger technology (DLT) trading facility in Switzerland.

In 2024, the solution was tested as part of the European Central Bank (ECB) blockchain trials with leading European banks.

By connecting to Seturion, trading venues will be able to offer trading of tokenized assets without requiring an own DLT license. Banks and brokers can also continue to use their existing connections to these trading venues.

Matthias Voelkel, chief executive officer of Boerse Stuttgart Group emphasised how the open architecture seeks to overcome current national settlement infrastructure silos and turn a unified European capital market into reality.

“We designed Seturion as an industry solution: It is open to all market participants and we are looking forward to building and scaling Seturion together with them,” he added.

Lidia Kurt, chief executive officer at Seturion, added: “Our partners benefit from significant cost savings in settlement of up to 90 percent.”

A number of trading venues of Boerse Stuttgart Group will connect to Seturion with more partners to follow soon, Boerse Stuttgart Group said.

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