Boerse Stuttgart adds Societe Generale, SG-FORGE, and flatexDEGIRO to 'pan-European' tokenized settlement network

Seturion, the European settlement platform operated by Boerse Stuttgart Group, added flatexDEGIRO, Societe Generale, and SG-FORGE into its tokenized securities infrastructure as the exchange group advances its push to build what it calls a "pan-European" market structure for blockchain-based settlement.

The platform connects banks, brokers, and trading venues into a single settlement layer for digital securities. It will support tokenized structured products in its initial phase, including turbo warrants and investment certificates, before extending to broader asset classes across public and private blockchains, Boerse Stuttgart said in a statement on Thursday.

Societe Generale plans to issue tokenized structured securities through Seturion, while SG-FORGE will provide Euro and U.S. dollar CoinVertible stablecoins for settlement activity on the platform, according to the statement. flatexDEGIRO will connect its retail brokerage flow across 16 European markets, spanning more than 3.5 million clients, into tokenized securities routed through the platform.

Boerse Stuttgart Group said Nasdaq’s European trading venues will also connect to Seturion to facilitate trading and settlement of tokenized securities through the platform.

"With Seturion, we are building the European settlement platform for the unified European capital market that is emerging as a result of the Capital Markets Union," Boerse Stuttgart Group CEO Dr. Matthias Voelkel said. "As an open industry solution, Seturion contributes to overcoming Europe's fragmented settlement landscape."

The announcement follows Societe Generale’s earlier May move to expand tokenized finance activity on the Canton Network and deploy SG-FORGE’s CoinVertible stablecoins for institutional settlement. The bank also joined Canton as an Ecosystem Super Validator.