Boerse Stuttgart Group deploys Seturion platform to standardize clearing infrastructure for Europe's growing crypto-asset market.
Boerse Stuttgart Group, Europe’s sixth-largest exchange operator, positions Seturion as a unified clearing and settlement solution for Tokenize assets. This is not only a technological innovation, but also a signal that traditional financial institutions are actively participating in the restructuring of Capital markets.
Seturion is designed to serve banks, brokerages, exchanges, and Tokenize platforms, with compatibility for both public and private blockchains. The platform has undergone successful testing with several banks in European Central Bank (ECB) pilot programs, demonstrating its operational readiness.
In the initial phase, BX Digital – a Swiss-licensed crypto-asset exchange owned by Boerse Stuttgart – will be the first to connect, before expanding to other market participants under close supervision.
Seturion’s launch comes as Tokenize – the process of issuing traditional financial instruments such as bonds and stocks on blockchains – is booming in Europe. The main impetus comes from the European Union’s DLT Pilot Regime, which will come into effect in March 2023, creating a safe regulatory “sandbox” for regulated institutions to experiment with blockchain- Capital markets infrastructure. A number of banks, fund managers and fintech startups are using this framework to expand their footprint.
The trend is not limited to Europe. In Switzerland, Deutsche Bank-backed startup Taurus has launched its issuance and custody platform on Solana. In June, Robinhood launched a Second-Layer Solutions on Arbitrum for European customers, enabling near-continuous trading of Tokenize U.S. stocks. Backed Finance recently expanded its xStocks platform to Ethereum, adding around 60 leading tech stocks.
Competition is also fierce in the US. BlackRock’s BUIDL money market fund, Tokenize on Ethereum and Solana, is attracting significant interest. SkyBridge Capital just announced plans to Tokenize $300 million in assets on the Avalanche network. These developments make it clear that the transition of financial assets to tokenized form is no longer just a theory. The development of core infrastructures like Seturion is the foundation that will shape the future of the global financial system.
