Seturion offers faster, cheaper cross-border settlement for digital assets using blockchain technology.
- Pan-European platform aims to cut settlement costs by up to 90%
- Supports both public and private blockchains
- Tested by European Central Bank and leading EU banks
What Seturion Does
Seturion is a new platform launched by Boerse Stuttgart Group. It helps banks and trading firms settle transactions with tokenized assets faster and more easily. Tokenized assets are digital versions of traditional investments like stocks or bonds. Seturion allows transactions to be completed using blockchain, even across different countries.
Wider Access and Use
Seturion is already running at BX Digital, a regulated trading platform in Switzerland. It’s open to many institutions, including banks, brokers, and digital asset venues. It can connect to existing trading systems and doesn’t require firms to get a new license for blockchain.
Tested and Trusted
The platform was tested by the European Central Bank alongside major banks in 2024. This makes it one of the few tested blockchain-based settlement systems in Europe. Its technology also supports both central bank money and digital tokens.
Leadership and Regulation
Seturion’s team includes leaders like Lidia Kurt as CEO and Samuel Bisig as CTO. They’re waiting for approval from Germany’s financial regulator BaFin under the EU’s DLT Pilot Regime. This law helps new trading platforms test new technology in real markets across Europe.
What’s Next
Boerse Stuttgart’s own trading venues will be the first to use Seturion. More participants are expected to join soon. With its open design and wide support, Seturion could help build a united digital market across the EU.
Source: coindesk.com
