Boerse Stuttgart Unveils Seturion: europe’s Blockchain Settlement Solution
Boerse Stuttgart Group introduces Seturion, a groundbreaking blockchain-based platform aimed at streamlining European cross-border trades.
This innovative solution merges traditional finance with cutting-edge technology. It supports transactions on both public and private blockchains.Users can settle payments using either central bank money or various on-chain digital currencies.
Seturion is celebrated as the “first digital pan-European settlement platform.” Its mission? Unify EuropeS disjointed post-trade systems and abolish cross-border hurdles. This was announced by boerse Stuttgart on September 5th.
- Speedier and more affordable settlements across all asset types.
- A modular design fosters easy integration with existing infrastructures.
- Potential cost savings could reach up to 90%.
Seturion’s open architecture ensures accessibility for banks, brokers, trading platforms, and tokenization hubs throughout Europe. Integration allows businesses to trade and settle tokenized assets directly, bypassing the need for a dedicated DLT license.
Several top European banks participated in Seturion’s 2024 trials. Currently, it powers BX Digital, a FINMA-regulated trading facility. Trading venues within the boerse stuttgart Group will be among the initial adopters.
Launched amid growing European interest in tokenization, Seturion aligns with the European Commission’s plans to expand blockchain usage in finance. the EU expects to propose integrating equities,bonds,and derivatives onto blockchain systems later this year.
