Societe Generale plans to issue tokenized structured products via Boerse Stuttgart’s settlement platform Seturion, as well as using the solution for settlement. SocGen has an existing relationship with flatexDEGIRO, which will distribute the tokenized structured products to its 3.5m retail investors across 16 countries. By becoming a Seturion partner, flatexDEGIRO could potentially enable retail distribution for other trading venues connected to the settlement platform. Societe Generale FORGE’s EURCV and USDCV stablecoins will be used for the settlement of transactions as part of the SocGen – flatexDEGIRO partnership. SocGen FORGE has an existing deal with Seturion.
Seturion has applied for a DLT settlement system license under the EU’s DLT Pilot Regime, to support pan-European settlement. The platform already has settlement deals with two structured products trading venues, one operated by Boerse Stuttgart and the other by Nasdaq Stockholm. The company emphasized that it plans to support other types of tokenized securities beyond structured products, as well as a variety of settlement assets including stablecoins and central bank money.
Boerse Stuttgart’s Swiss subsidiary BX Digital uses Seturion for settlement, but Seturion needs the DLT Pilot license to go live in the EU.
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