Stuttgart Stock Exchange launches pan-European tokenized asset settlement platform Seturion

According to the latest news from Cointelegraph, Boerse Stuttgart Group, one of Europe's leading exchange operators, has officially launched its innovative blockchain settlement platform, Seturion.

The platform is dedicated to providing efficient and secure cross-border transaction settlement services for tokenized assets across Europe, covering a wide range of financial market participants, including banks, brokers, trading venues, and tokenization platforms.

A key highlight of the Seturion platform is its technical compatibility and flexibility. It supports both public and private blockchain architectures and allows for settlement using central bank currency or on-chain cash, effectively breaking down the barriers between traditional financial infrastructure and distributed ledger technology (DLT).

This design not only enhances transaction transparency and traceability but also provides important assurance for financial institutions to comply with European regulatory requirements. Notably, Seturion has already been proven in practice.

Several local banks have previously tested the platform in a blockchain pilot project with the European Central Bank (ECB), further strengthening its credibility in real-world applications. Currently, BX Swiss Digital Exchange (BX Digital), a regulated DLT trading venue under the Stuttgart Stock Exchange Group and located in Switzerland, has taken the lead in connecting to the Seturion system and enabling related services.

The group stated that it will gradually encourage more market participants to access the platform in the future, but all access must obtain approval from relevant regulators. The launch of Seturion is seen as a key step in the digitalization of Europe's financial infrastructure and lays the foundation for the efficient and compliant development of the tokenized economy in Europe and globally.