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Boerse Stuttgart Launches Seturion, a Pan-European Blockchain Settlement Platform

Regulatory approval under the EU DLT Pilot Regime remains pending after ECB trials, with live use at Switzerland’s FINMA-regulated BX Digital.

Overview

  • Seturion targets cross-border settlement of tokenized assets through an open, modular design that works across public and private blockchains with cash in central bank money or on-chain currencies.
  • The platform is already operating at BX Digital in Switzerland and was tested in 2024 ECB blockchain trials with leading German banks.
  • Boerse Stuttgart’s trading venues will act as the first integrated clients, with broader onboarding expected through standard connections to existing market infrastructure.
  • Participants such as banks, brokers, exchanges, and tokenization platforms can offer trading and settlement without obtaining their own DLT license by linking to venues connected to Seturion.
  • Boerse Stuttgart Digital holds a MiCA crypto-asset service provider license, while Seturion’s DLT Pilot application and named leadership team remain subject to supervisory approval.