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 out a blockchain-based securities settlement system across Europe.
Under the plan, Societe Generale will issue tokenized structured securities, such as turbo warrants and investment certificates, on Seturion, according to an announcement Thursday. SG-Forge, which has a Markets in Crypto-Assets authorization from French regulators, will settle trades using its CoinVertible euro and dollar stablecoins, EURCV and USDCV.
FlatexDEGIRO, which says it serves 3.5 million customers in 16 countries, will also connect its retail investor flow to the platform.
Source: Societe Generale Forge
Seturion has submitted a license application to German financial regulator BaFin under the European Union’s DLT Pilot Regime, although approval is still pending, a Boerse Stuttgart representative told Cointelegraph.
Nasdaq’s European locations to join Seturion
Nasdaq’s European trading platforms will also connect to Seturion to facilitate trading of tokenized securities settled through the platform. The two platforms previously announced a partnership in March, unveiling plans to build a broader ecosystem of issuers, brokers and financial institutions across Europe to lower settlement costs and reduce fragmentation.
“With Seturion we are building the European settlement platform for the unified European capital market,” says Matthias Voelkel, CEO of Boerse Stuttgart Group. “As an open industrial solution, Seturion contributes to overcoming the fragmented European settlement landscape,” he added.
Boerse 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, settles with both central bank money and onchain cash, and is already live at BX Digital, the FINMA-regulated DLT trading facility in Switzerland.
The European banking consortium Qivalis is expanding to 37 members
The Seturion deal comes as European financial institutions rush to build a regulated blockchain infrastructure. Qivalis, a European banking consortium building 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 regulated alternatives to US dollar-dominated stablecoins, is targeting a launch in the second half of 2026.