Societe Generale, SG-FORGE, flatexDEGIRO join Seturion

Boerse Stuttgart Group has launched Seturion, a pan-European settlement platform designed to facilitate the trading and settlement of tokenized securities across public and private blockchains. Strategic partners Societe Generale, its digital asset subsidiary SG-FORGE, and online broker flatexDEGIRO have joined the initiative to modernize European capital market infrastructure. The platform aims to reduce settlement costs and increase efficiency by supporting various asset classes, starting with tokenized structured securities like turbo warrants and investment certificates. Transactions on the platform will be settled using CoinVertible, the MiCA-compliant stablecoin issued by SG-FORGE. Nasdaq’s European trading venues are also set to connect to Seturion to further expand the network's reach. This collaboration seeks to overcome the fragmentation of the European settlement landscape by providing an open industry solution for banks, brokers, and trading venues. By leveraging blockchain technology, the partners intend to deliver faster, more reliable settlement cycles for both buy-side and sell-side market participants.

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