flatexDEGIRO, Societe Generale, and SG-FORGE have joined Seturion, Boerse Stuttgart Group’s European settlement platform for tokenised securities.
The collaboration aims to establish a pan-European industry solution for digital blockchain-based securities settlement open to all market participants – banks, brokers and trading venues can connect easily.
Seturion will support all asset classes on public and private blockchains, as well as settlement against on-chain money – such as MiCA-compliant stablecoins – and central bank money. Tokenised structured securities will be one of the first asset classes to scale rapidly on the platform.
Nasdaq’s European trading venues, alongside those of Boerse Stuttgart Group, will connect to Seturion to facilitate trading of tokenised securities settled through the platform.
Societe Generale intends to issue tokenised structured securities via Seturion as part of this new partnership.
These instruments are set to be listed and traded on European trading venues, with settlement handled through Seturion.
The firm is already a well‑established partner of flatexDEGIRO in the trading of structured securities across its markets.
Trading venues connected to Seturion will have access to flatexDEGIRO’s European retail investor flow in Societe Generale’s tokenised structured securities.
Settlement of transactions between the parties involved shall be carried out by Seturion using CoinVertible, the Euro- and US dollar-pegged stablecoins issued by SG-FORGE.
Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group, said: “With Seturion, we are building the European settlement platform for the unified European capital market that is emerging as a result of the Capital Markets Union. As an open industry solution, Seturion contributes to overcoming Europe’s fragmented settlement landscape. More leading financial institutions will follow flatexDEGIRO, Societe Generale and SG-FORGE as our strategic partners.”
Dr. Lidia Kurt, CEO of Seturion, said: “Faster and more cost-efficient settlement on tokenised rails is especially relevant for securities with high numbers of transactions and issued products. That is why tokenised structured securities will be one of the first asset classes to scale rapidly on Seturion. But others will follow – Seturion covers all asset classes. Our partnership with flatexDEGIRO, Societe Generale and SG-FORGE is an important step, as it demonstrates the huge benefits for buy-side and sell-side with significantly lower costs, high reliability and shorter settlement cycles.”
