Boerse Stuttgart Group has launched Seturion, a blockchain-based platform designed to unify the settlement of tokenized assets across Europe. This pan-European initiative aims to streamline post-trade processes by eliminating cross-border frictions, unifying fragmented settlement systems, and potentially reducing settlement costs by up to 90%. The platform, open to all market participants—banks, brokers, trading venues, and tokenization platforms—supports transactions on both public and private blockchains and facilitates settlement in central bank money or on-chain cash. By enabling institutions to offer tokenized asset trading without the need for a separate DLT license, Seturion is positioned to facilitate broader participation in the evolving digital asset landscape [1].

Seturion’s development and deployment have been supported by rigorous testing and real-world application. The platform was trialed in 2024 by the European Central Bank in partnership with major European banks, including Commerzbank, Deutsche Bank, DZ Bank, LBBW, Bankhaus Metzler, and V-Bank. It is already operational at BX Digital, a FINMA-regulated DLT trading facility in Switzerland, part of Boerse Stuttgart Group [3]. This early deployment demonstrates the platform’s readiness to handle complex financial transactions and aligns with broader efforts to modernize capital market infrastructure through blockchain technology.

The platform’s open architecture enables seamless integration with existing market infrastructures, a key factor in fostering a unified European capital market. Boerse Stuttgart CEO Matthias Voelkel emphasized that Seturion’s design aims to overcome the siloed nature of national settlement systems, facilitating a more interconnected financial ecosystem. The group’s own trading venues will act as the initial clients, with more participants expected to join as supervisory approvals are secured [1].

Leadership for the Seturion initiative is being shaped with the appointment of key executives. Lidia Kurt will serve as CEO, supported by Sven Wilke as deputy CEO and chief growth officer. Dirk Kruwinnus will lead product development, while Samuel Bisig oversees technology. Lucas Bruggeman, Boerse Stuttgart’s chief digital assets officer, will chair the board. A license application has been submitted to Germany’s financial regulator BaFin under the EU’s DLT Pilot Regime, a regulatory framework introduced in March 2023 to support blockchain trials in capital markets [1].

The launch of Seturion aligns with a broader trend of financial institutions adopting tokenization across Europe and beyond. The EU’s DLT Pilot Regime has fostered innovation by allowing regulated players to experiment with blockchain infrastructure. In Switzerland, initiatives such as Taurus’ Solana-based custody platform and Backed Finance’s Ethereum-based xStocks expansion reflect this shift. Meanwhile, companies like Robinhood and BlackRock are integrating tokenization into their services, expanding access to tokenized stocks and funds for European and U.S. investors. As tokenization gains traction, platforms like Seturion are expected to play a crucial role in bridging traditional and digital finance, enabling greater efficiency and transparency in asset settlement [4].

Seturion’s launch underscores Boerse Stuttgart’s commitment to digital finance innovation, building on its experience with regulated crypto solutions through Boerse Stuttgart Digital. As a fully licensed infrastructure provider, the group is positioned to support institutional clients in accessing tokenized markets securely and efficiently. With the global financial landscape increasingly embracing digital assets, Seturion’s role as a cross-border settlement platform may accelerate the transition toward a more integrated and technology-driven capital market [1].

Source:

[1] Boerse Stuttgart Unveils Pan-European Settlement Platform for Tokenized Assets (https://www.coindesk.com/business/2025/09/04/boerse-stuttgart-unveils-pan-european-settlement-platform-for-tokenized-assets)

[2] Boerse Stuttgart Unveils Pan-European Settlement Platform (https://finance.yahoo.com/news/boerse-stuttgart-unveils-pan-european-133131891.html)

[3] Boerse Stuttgart to Launch Pan-European Settlement Platform for Tokenized Assets (https://www.ledgerinsights.com/boerse-stuttgart-launches-pan-european-settlement-platform-for-tokenized-assets/)

[4] Boerse Stuttgart Launches Seturion for Tokenized Asset Settlement (https://cointelegraph.com/news/boerse-stuttgart-seturion-pan-european-tokenized-assets)