Tokenization Accelerates Settlement Modernization in Europe’s Capital Markets
Several major European financial market participants are joining the blockchain platform Seturion as part of an initiative aimed at reducing infrastructure fragmentation, lowering operational costs for banks and brokers, improving transaction reliability, and shortening settlement cycles in capital markets.
European settlement platform Seturion, part of Boerse Stuttgart Group, announced a strategic partnership with flatexDEGIRO, Societe Generale, and SG-FORGE. The initiative is designed to build a pan-European infrastructure for tokenized securities settlement, reduce costs for market participants, and accelerate the development of a unified capital markets infrastructure across Europe.
Seturion is positioned as an open pan-European blockchain settlement platform for banks, brokers, and trading venues. The platform is designed to operate across both public and private blockchain networks and support settlements using tokenized assets, including central bank assets and stablecoins regulated under the MiCA framework.
Key elements of the project include:
- Seturion will support settlement for tokenized securities transactions.
- flatexDEGIRO is providing the platform with access to its client base of more than 3.5 million users across 16 countries.
- Societe Generale plans to issue tokenized structured products, including turbo warrants and investment certificates.
- SG-FORGE will provide settlement stablecoins USD CoinVertible and EUR CoinVertible.
One of the first asset classes expected to scale on Seturion will be tokenized structured securities. According to the companies, the high number of issuances and transactions in this segment makes reductions in settlement costs and processing times especially valuable.
Brokerage platform flatexDEGIRO serves more than 3.5 million clients, holds approximately €100 billion in assets under custody, and processed more than 75 million securities transactions in 2025. Through DEGIRO, flatex, and ViTrade, clients have access to around 50 stock exchanges across Europe, North America, and the Asia-Pacific region. Societe Generale, meanwhile, serves 27 million clients in 58 countries and employs around 110,000 people globally. The companies already cooperate in the structured products segment.
Boerse Stuttgart Group, which launched Seturion in September 2025, is Europe’s sixth-largest exchange group. The company operates exchanges in Germany, Sweden, and Switzerland, while also expanding its digital asset and crypto business. The group employs around 700 people.
The press release also noted that European Nasdaq trading venues are expected to connect to Seturion alongside platforms operated by Boerse Stuttgart Group. In this context, it is worth noting that Nasdaq and Boerse Stuttgart Group announced a strategic partnership in March 2026 focused on developing a pan-European settlement infrastructure for tokenized securities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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