FlatexDEGIRO, Societe Generale join Seturion settlement network

FlatexDEGIRO, Societe Generale and SG‑FORGE have joined Boerse Stuttgart Group’s Seturion platform to settle tokenized securities across European trading venues. The partners will use SG‑FORGE’s CoinVertible euro and US dollar stablecoins for on‑chain settlement and plan to start with tokenized structured securities.

Seturion is a pan‑European settlement platform that allows banks, brokers and trading venues to connect for the settlement of tokenized assets. The platform supports settlement on public and private blockchains and can accept on‑chain money, including MiCA‑compliant stablecoins, as well as central bank money. Nasdaq’s European trading venues are scheduled to connect to Seturion to enable trading and settlement across a broader set of markets.

Settlement between participants on the network will use CoinVertible, the euro‑ and dollar‑pegged stablecoins issued by SG‑FORGE. Seturion’s infrastructure is built to operate with multiple blockchain environments and to process final settlement on‑chain.

FlatexDEGIRO, an online broker serving more than 3.5 million customers across 16 countries, will provide retail investor access to Societe Generale’s tokenized structured securities. Societe Generale, a major European issuer of structured products, intends to issue tokenized instruments such as turbo warrants and investment certificates on the platform. Those products are planned to be listed and traded on trading venues connected to Seturion.

Boerse Stuttgart Group CEO Matthias Voelkel described Seturion as a platform for a unified European settlement layer and said the solution is open to all market participants. Seturion CEO Lidia Kurt said faster and more cost‑efficient settlement on tokenized rails is particularly relevant for securities with high transaction volumes and product ranges.

FlatexDEGIRO CEO Oliver Behrens said the company expects tokenized settlement to improve execution quality and settlement efficiency for its brokerage clients. Christian Sagerer of Societe Generale’s Frankfurt branch commented that the bank will use tokenization and blockchain infrastructure to streamline issuance and distribution processes and to offer new client solutions.

Jean‑Marc Stenger, CEO of SG‑FORGE, described CoinVertible as a regulated on‑chain settlement instrument intended to connect digital asset infrastructure with traditional finance and to enable secure on‑chain settlement.

Seturion’s architecture is presented as open and interoperable, capable of accommodating all asset classes and different settlement rails. Market participants involved in the partnership say the platform is designed to reduce operational costs and shorten the time between trade and final settlement for tokenized securities.