Germany’s second-largest stock exchange, Boerse Stuttgart, announced Thursday that its tokenized securities settlement platform named Seturion, has allied with Societe Generale – its crypto offshoot SG-Forge and online broker flatexDEGIRO – to develop a blockchain-based securities settlement system across Europe.
Tokenized blockchain settlement picks momentum in Europe
Societe Generale is expected to tap Seturion to issue tokenized structure securities, such as turbo warrants and investment certificates.
In addition, SG-Forge – holding a Markets in Crypto-Assets authorization from the French financial watchdogs – will use its CoinVertible euro and dollar stablecoins, EURCV and USDCV, respectively, to settle the transactions.
Online broker flatexDEGIRO is going to establish a bridge to connect its retail investor flow with the platform. Notably, the entity operates across 16 countries, and serves more than 3.5M customers.
Seturion has already submitted a license application to the German watchdog BaFin under the garb of the European Union’s distributed ledger technology (DLT) Pilot Regime.
Seturion to be joined by Nasdaq’s European trading venues
Bringing stronger legitimacy to the partnership, Nasdaq’s Europe-based trading venues are going to connect to Seturion to enable trading of tokenized securities through the platform.
It should be recalled that back in March 2026, the two entities had inked a partnership to jointly develop a broader ecosystem of issuers, brokers, and financial institutions across Europe to reduce settlement costs and fragmentation. Matthias Voelkel, CEO of Boerse Stuttgart Group said:
“With Seturion, we are building the European settlement platform for the unified European capital market. As an open industry solution, Seturion contributes to overcoming Europe’s fragmented settlement landscape.”
Launched in September 2025, Seturion’s long-term vision is to replace the fragmented European national settlement systems with a single blockchain-based infrastructure.
As of May 2026, Seturion supports both public and private blockchains, and facilitates settlement in central bank fiat money and on-chain cash.
In similar news, global venture capital firm Mouro Capital unveiled a massive $400M fund on Wednesday aimed toward fostering blockchain and AI innovation.
Elsewhere, in Asia, Japan’s endeavor to integrate blockchain into its financial infrastructure received a major governmental go-ahead on Tuesday.