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Boerse Stuttgart Launches Seturion, an Open Pan-European Tokenized-Asset Settlement Platform

The move pairs regulatory progress with a live, open deployment to create a cross‑chain post‑trade layer for European markets.

Overview

  • Designed to connect multiple venues, the platform supports settlement of tokenized assets across public and private blockchains with either central bank money or on‑chain cash.
  • Access is open to banks, brokers, trading venues, and tokenization platforms, and participants can use existing market connections without securing their own DLT license.
  • The system is already operating at BX Digital in Switzerland and was previously tested in European Central Bank blockchain trials with major banks.
  • Boerse Stuttgart Digital holds a MiCA license enabling EU‑wide operation, while a DLT Pilot Regime application has been filed and leadership appointments are pending supervisory approval, including Lidia Kurt as CEO.
  • The exchange says the setup reduces cross‑border frictions and could cut post‑trade costs by up to 90%, with Boerse Stuttgart’s own venues acting as initial clients.