Seturion Adds flatexDEGIRO, Societe Generale, SG-FORGE

Boerse Stuttgart Group’s settlement platform Seturion announced a strategic partnership with flatexDEGIRO, Societe Generale and SG-FORGE to settle tokenized securities. Transactions on the platform will be settled using SG-FORGE’s CoinVertible stablecoins, pegged to the euro and the U.S. dollar.

Societe Generale plans to issue tokenized structured products such as turbo warrants and investment certificates on Seturion. flatexDEGIRO will provide distribution access to its retail customers across 16 countries and more than 3.5 million accounts.

Seturion supports settlement on public and private blockchains and can settle against on-chain money, including stablecoins that comply with the EU’s Markets in Crypto-Assets rules, as well as central bank money. Nasdaq’s European trading venues are scheduled to connect to Seturion so trades executed on those venues can be settled through the platform.

Boerse Stuttgart says the infrastructure seeks to reduce settlement costs and shorten settlement cycles for participants active in European markets. The platform will initially focus on tokenized structured securities because of their large issuance volumes and high trade frequency, with other asset classes expected to follow.

Seturion is offered as a neutral, connection-based rail that lets banks, brokers and trading venues link to blockchain settlement while keeping access to existing trading venues. The design includes support for multiple asset types and settlement instruments and can accommodate future extensions such as central bank digital currencies or additional stablecoin arrangements.

Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group, described the platform as ‘the European settlement platform for the unified European capital market that is emerging as a result of the Capital Markets Union’ and said it contributes to overcoming fragmented settlement in Europe.

Dr. Lidia Kurt, CEO of Seturion, noted that faster and lower-cost settlement is especially relevant for securities with high transaction volumes and that tokenized structured securities will be among the first asset classes to scale on the platform.

Oliver Behrens, CEO of flatexDEGIRO, emphasized execution quality and settlement efficiency for online brokers and called tokenization ‘a development with enormous potential’ for meeting customer expectations.

Christian Sagerer of Societe Generale’s Frankfurt branch pointed to the bank’s plans to use tokenization to improve issuance and distribution processes. Jean-Marc Stenger, CEO of SG-FORGE, described the firm’s regulated CoinVertible stablecoins as a bridge between the digital-asset ecosystem and traditional finance, enabling secure on-chain settlement.

The partners said they will test scalable issuance and settlement models for tokenized securities across European markets by combining an exchange-group backed settlement layer, regulated stablecoins and a major retail broker’s distribution network.