Frontier AdoptionEvidence-graded tracking of what's actually live

Deployments · platform by Seturion

Seturion pan-European settlement platform for tokenised securitiesNew

Boerse Stuttgart Group's blockchain settlement platform for tokenised securities, meant to let banks, brokers and trading venues across Europe settle on public or private chains against central bank money or on-chain cash such as MiCA stablecoins, without a CSD, and to offer issuance and registrar services. The group's own venues are the first clients and Nasdaq's European venues plan to connect. In May 2026 Societe Generale agreed to issue tokenised structured products (turbo warrants and certificates) through it, flatexDEGIRO to route its European retail flow, and SG-FORGE to supply its EURCV and USDCV stablecoins as the settlement asset. BaFin granted the group a DLT trading and settlement system (DLT TSS) licence under the EU DLT Pilot Regime in October 2026, after a process run with ESMA and the ECB; no production launch date has been given. The platform already serves the group's Swiss DLT trading facility SeturionX (formerly BX Digital).

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Announced since 4 Sep 2025[4] — BaFin granted the DLT TSS licence in October 2026; no production launch date and no EU transactions found. · Reviewed 13d ago

Assets
Structured note[3]
Tokenised structured securities from Societe Generale (planned first asset class)
Networks
Unknown ledger Not disclosed[3]
Seturion says it supports public and private blockchains; no EU ledger named.
Use cases
Delivery versus payment (DvP)[3][4]Primary issuance[3]Secondary trading[3]
Jurisdictions
Germany, European Union

Participants

Operates under

Assets

Timeline

  1. Happened 20 Oct 2026 · Regulatory approval · recorded 26 Oct 2026
    BaFin, after a joint process with ESMA and the ECB, grants Boerse Stuttgart Group a DLT TSS licence under the EU DLT Pilot Regime for Seturion, so banks, brokers and venues across Europe can connect to it; structured products are the first focus and no go-live date is given.[1][2]
  2. Happened 15 Sep 2026 · Announcement · recorded 17 Oct 2026
    The group's Swiss DLT trading facility BX Digital, which settles through Seturion, is renamed SeturionX.[6]
  3. Happened 21 May 2026 · Participant joined · recorded 17 Oct 2026
    flatexDEGIRO, Societe Generale and SG-FORGE join as strategic partners; Nasdaq's European venues are to connect.[3]
  4. Happened 4 Sep 2025 · Announcement · recorded 17 Oct 2026
    Boerse Stuttgart Group unveils Seturion as a pan-European blockchain settlement platform; EU go-live awaits a BaFin DLT Pilot Regime licence (DLT TSS applied for).[4]

Sources

  1. [1]Boerse Stuttgart Group Obtains DLT TSS License — Boerse Stuttgart Group (via Markets Media), 21 Oct 2026. Accessed 26 Oct 2026. The group's press release reproduced in full (credited to Boerse Stuttgart); the group's own newsroom blocks fetching (Cloudflare)..B
  2. [2]Boerse Stuttgart’s Seturion gets DLT trading, settlement license as EU cap debate heats up — Ledger Insights, 20 Oct 2026. Accessed 26 Oct 2026. Fifth DLT TSS licence under the regime; no production launch date; initial focus structured products..C
  3. [3]flatexDEGIRO, Societe Generale, and SG-FORGE join Seturion, Boerse Stuttgart Group’s European settlement platform for tokenized securities — Societe Generale-FORGE, 21 May 2026. Accessed 17 Oct 2026.B
  4. [4]Boerse Stuttgart to launch pan European settlement platform for tokenized assets — Ledger Insights, 4 Sep 2025. Accessed 17 Oct 2026.C
  5. [5]seturion — Seturion. Accessed 17 Oct 2026.B
  6. [6]Home - SeturionX | Kapitalmarkt der Zukunft — Seturion. Accessed 17 Oct 2026. In German; our summary is translated. News item: BX Digital trades as SeturionX from 15 Sep 2026..B

Spotted something out of date or missing? Suggest a correction, ideally with a source.