Seturion, the tokenized securities settlement platform of Boerse Stuttgart Group, has partnered with Societe Generale, its cryptocurrency 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, such as turbo warrants and investment certificates, on the Seturion exchange, According to until Thursday’s announcement. SG-Forge, authorized by Markets in Crypto-Assets from French regulators, will settle trades using CoinVertible’s euro and dollar stablecoins, EURCV and USDCV.
FlatexDEGIRO, which claims to serve 3.5 million customers in 16 countries, will also connect retail investor flows to the platform.
Source: Societe Generale Forge
Seturion has applied for a license to German financial regulator BaFin under the EU’s DLT pilot program, although approval is still pending, a Boerse Stuttgart representative told Cointelegraph.
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European Nasdaq markets will join Seturion
Nasdaq European trading platforms will also be connected to Seturion to facilitate trading of tokenized securities cleared via the platform. Two platforms earlier announced partnered in March, revealing 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 a European clearing platform for a unified European capital market,” said Matthias Voelkel, CEO of Boerse Stuttgart Group. “As an open industry solution, Seturion contributes to overcoming Europe’s fragmented settlement landscape,” he added.
Boerse Stuttgart launched Seturion in September 2025 to replace fragmented national settlement systems in Europe with one open infrastructure. The platform supports public and private blockchains, settles in both central bank money and onchain cash, and is already available on BX Digital, a Swiss DLT trading platform regulated by FINMA.
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The European banking consortium Qivalis expands to 37 members
The Seturion deal comes as European financial institutions race to build regulated blockchain infrastructure. Qivalis, the European banking consortium building a MiCA-compliant euro stablecoin, has grown to 37 member institutions with the addition of 25 banks from 15 countries, including ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo.
The Amsterdam-based group, which seeks to create regulated alternatives to U.S. dollar-dominated stablecoins, plans to launch in the second half of 2026.
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