Boerse Stuttgart Launches Blockchain Settlement Platform for Tokenized Assets
- Boerse Stuttgart Group has introduced the Seturion platform to facilitate cross-border transactions of tokenized assets.
- The platform supports both public and private blockchains, allowing settlements in central bank money or on-chain cash.
- Seturion has been tested by local banks in collaboration with the European Central Bank (ECB).
- The solution is currently operational at BX Digital, a regulated DLT trading venue in Switzerland.
- This initiative aligns with the EU’s DLT Pilot Regime, which began in March to enable blockchain trials in capital markets.
The launch of Seturion marks a significant step for financial institutions exploring tokenization across Europe, as various banks and fintechs experiment with issuing traditional assets on blockchains.
With Seturion already live at BX Digital, Boerse Stuttgart aims to connect its exchanges first before expanding to other market participants pending approval.(Source)
