Boerse Stuttgart Group unveiled Setturion, a digital regulation platform designed to rationalize post-exchange processes for tokenized assets across Europe.
The blockchain -based infrastructure aims to eliminate cross -border friction, unify fragmented settlement systems and reduce costs by 90%, the Stock Exchange announced on Thursday.
The platform, which is open to banks, brokers, traditional and digital negotiation sites and tokenization platforms, is already used in BX Digital, Switzerland, a DLT trading installation regulated by FINMA in Switzerland. It was tested in the blockchain tests of the European Central Bank with the main European banks in 2024.
“Setturion is the first Digital Pan-Seat Parture platform for Tokenized assets,” said Matthias Voelkel, CEO of Boerse Stuttgart, in the press release. “With a really open architecture, we want to overcome the current silos of national settlement infrastructure and transform a market in the European capital in reality.”
Boerse Stuttgart said that the open architecture of the platform allows simple integration, supporting both public and private blockchains and allowing the central bank regulations as well as chain money. It allows institutions to offer token asset exchanges without requiring their own DLT license, while continuing to use existing connections to the market infrastructure.
The company’s own negotiation rooms will serve as a “zero client”, with more participants who should join soon.
Approval of pending surveillance, the Seturion management team will be led by Lidia Kurt as CEO, Sven Wilke as assistant CEO and growth director, Dirk Kruwinnus as product manager and Samuel Bisig as director of technology. Lucas Bruggeman, Director of Digital Assets at Boerse Stuttgart, was appointed Chairman of the Board of Directors.
A license request was filed with the German financial regulator Bafin under the EU DLT pilot regime.
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