Boerse Stuttgart Group has launched Seturion, a blockchain-based settlement platform designed to streamline cross-border transactions for tokenized assets across Europe. The infrastructure aims to address fragmentation in the current European settlement landscape by providing a unified solution for market participants.
The platform’s open architecture allows banks, brokers, trading venues and tokenization platforms to connect easily. Seturion supports the settlement of tokenized assets on both public and private blockchains, as well as cash settlement using central bank money and on-chain cash.
BX Digital, the group’s FINMA-regulated DLT trading facility in Switzerland, already operates using the Seturion settlement solution. However, Seturion will only go live in Europe once Boerse Stuttgart receives a DLT Pilot Regime license from German regulator BaFin. The exchange has applied for a trading and settlement system license (DLT TSS).
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