Seturion partners with SocGen, SG‑FORGE and flatexDEGIRO

Seturion, the Boerse Stuttgart Group’s pan‑European settlement platform, has added Societe Generale, SG‑FORGE and flatexDEGIRO as strategic partners to process settlement of tokenized securities. Transactions between the parties will use SG‑FORGE’s CoinVertible stablecoins, pegged to the euro and the U.S. dollar. Societe Generale intends to issue tokenized structured securities that will be listed and traded on European venues connected to Seturion.

Seturion is designed to connect banks, brokers and trading venues across Europe and to support tokenized instruments on public and private blockchains. The platform can settle against on‑chain money, including stablecoins that meet the EU’s Markets in Crypto‑Assets (MiCA) rules, as well as central bank money. Boerse Stuttgart Group said Nasdaq’s European trading venues are also planned to connect to Seturion to enable trading of tokenized securities settled through the platform.

Under the partnership, Societe Generale will issue tokenized versions of its structured products, such as turbo warrants and investment certificates, and those instruments are planned to be listed on trading venues linked to Seturion. Settlement of trades between the partners will be recorded on the Seturion platform and settled on chain using CoinVertible tokens issued by SG‑FORGE.

flatexDEGIRO, an online broker with more than 3.5 million customers across 16 countries, will provide access to retail investor order flow for Societe Generale’s tokenized structured securities on participating venues. Boerse Stuttgart Group said participants that connect to Seturion can expect lower settlement costs and shorter settlement cycles compared with current European settlement arrangements.

Boerse Stuttgart Group CEO Dr. Matthias Voelkel said the group aims to build a unified European settlement platform. Seturion CEO Dr. Lidia Kurt added that tokenized structured securities are expected to scale early on the platform because they involve many transactions and issued products. Oliver Behrens, chief executive of flatexDEGIRO, commented on the potential for tokenization to improve execution quality and settlement efficiency for online brokerage customers. Christian Sagerer of Societe Generale’s Frankfurt branch highlighted plans to use tokenization to improve issuance and distribution processes. Jean‑Marc Stenger of SG‑FORGE described regulated stablecoins as a bridge between digital asset systems and traditional finance and said on‑chain settlement with MiCA‑compliant coins will support efficiency gains.

Seturion is offered as an open industry solution that market participants can connect to directly. Boerse Stuttgart Group said it expects more financial institutions to join the Seturion network in the coming months.