Boerse Stuttgart Partners to Streamline European Securities Settlement
- Boerse Stuttgart’s Seturion platform collaborates with flatexDEGIRO, Societe Generale, and SG-FORGE to build a pan-European blockchain infrastructure.
- The initiative will reduce transaction costs for flatexDEGIRO’s 3.5 million retail brokerage clients.
- Tokenized structured securities will be the first asset class rolled out on the new on-chain settlement network.
- Societe Generale will issue tokenized products like turbo warrants through Seturion, traded on European venues including Boerse Stuttgart and Nasdaq.
- Transactions will be settled using regulated euro- and U.S. dollar-pegged stablecoins provided by SG-FORGE.
Boerse Stuttgart’s partnership aims to modernize securities settlement in Europe by addressing the continent’s fragmented post-trade environment with a unified blockchain-based framework. The project is expected to enhance efficiency and reduce costs for high-volume transactions, particularly benefiting online brokerages like flatexDEGIRO.
Seturion’s rollout of tokenized structured securities marks a significant shift towards digital infrastructure in finance, leveraging blockchain technology to streamline processes and improve execution quality for millions of clients across Europe. (Source)
