Stock Exchange Stuttgart Provides European Settlement for Digitalized Asset Transactions

Seturion Launches Open Platform to Unify European Settlement Landscape

Seturion, a new platform designed to revolutionise the European settlement landscape, has been unveiled. The open architecture of Seturion offers easy connectivity and supports both public and private blockchains, making it a versatile solution for various asset classes.

The platform is open to all banks, brokers, trading venues, and tokenization platforms across Europe, aiming to bridge the gap in the fragmented settlement landscape. This openness allows for significant cost savings through the use of blockchain technology, enabling seamless cross-border transactions without barriers.

Boerse Stuttgart Group's European trading venues will connect to Seturion as 'clients zero', acting as pioneers in this new ecosystem. Additional partners, including various classical and digital trading venues of the Boerse Stuttgart Group, are expected to follow soon, though their specific identities have not yet been disclosed publicly.

Seturion's platform supports both classical and digital trading venues, offering a unified solution for various asset classes. Settlement on Seturion can be against central bank money or on-chain cash and covers all asset classes. Exclusive articles on securities markets can also be received through the platform.

As Seturion continues to grow, it is expected that more partners will join, further strengthening the platform's position in the European market. The ultimate goal is to create a unified, efficient, and cost-effective settlement system for all participants in the European financial market.

Stock Exchange Stuttgart Provides European Settlement for Digitalized Asset Transactions