Boerse Stuttgart, Societe Generale, flatexDEGIRO Join Forces for EU Blockchain Securities Settlement
Boerse Stuttgart Group's tokenized securities settlement platform Seturion has partnered with Societe Generale, its crypto subsidiary SG-Forge and online broker flatexDEGIRO to build a blockchain-based securities settlement system across Europe.
Under the plan, Societe Generale will issue tokenized structured securities on Seturion, such as Turbo Guarantees and Investment Certificates, it announced Thursday. SG-Forge, which holds a license from French regulators to market in crypto-assets, settles transactions using CoinVertible euro and dollar stablecoins, EURCV and USDCV.
FlatexDEGIRO, which claims to serve 3.5 million customers in 16 countries, connects the flow of retail investors to its platform.
Source: Societe Generale Forge
Seturion has submitted a license application to German financial regulator Baffin under the EU's DLT pilot regime, although approval is still pending, a representative of the bourse Stuttgart told Cointelegraph.
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Nasdaq European positions to join Seturion
Nasdaq's European trading venues will also connect to Seturion to facilitate trading of tokenized securities placed through the platform. The two platforms previously announced a partnership in March, signaling plans to build a broader ecosystem of issuers, brokers and financial institutions across Europe to reduce settlement costs and reduce fragmentation.
“At Seturion we are building the European settlement platform for a unified European capital market,” said Matthias Voelkel, CEO of Borse Stuttgart Group. “As an open industry solution, Seturion contributes to overcoming Europe's fragmented settlement landscape,” he added.
Börse Stuttgart launched Seturion in September 2025 to replace Europe's fragmented national settlement systems with a single open infrastructure. The platform supports public and private blockchains, is housed in both central bank money and onchain cash, and is already available on BX Digital, a DLT trading facility regulated by Switzerland's FINMA.
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European Bank Kivalis has grown to 37 members.
The Seturion deal comes as European financial institutions scramble to build a regulated blockchain infrastructure. Qivalis, the European banking consortium developing a MiCA-compliant euro stablecoin, has grown to 37 member institutions after adding 25 banks in 15 countries, including ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo.
The Amsterdam-based group, which is pushing to build adjustable options to manage stablecoins dominated by the US dollar, is targeting the second half of 2026.
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