SocGen and flatexDEGIRO join forces with Boerse Stuttgart for European blockchain settlement initiative
The Seturion platform from Boerse Stuttgart has formed strategic alliances with Societe Generale, SG-FORGE and flatexDEGIRO to establish a blockchain-based securities settlement infrastructure spanning the European Union.
The Boerse Stuttgart Group's digital asset settlement solution Seturion has formed strategic partnerships with Societe Generale, the French bank's digital assets arm SG-Forge, and retail brokerage platform flatexDEGIRO to develop a blockchain-powered securities settlement infrastructure throughout the European region.
The collaboration will see Societe Generale creating tokenized versions of structured securities, including turbo warrants and investment certificates, directly on the Seturion platform, as revealed in an announcement made on Thursday. Meanwhile, SG-Forge, which possesses Markets in Crypto-Assets regulatory approval from authorities in France, will handle transaction settlements through its proprietary CoinVertible stablecoins denominated in euros and dollars, known as EURCV and USDCV respectively.
The online brokerage flatexDEGIRO, which reports servicing 3.5 million customers spanning 16 different countries, will additionally integrate its retail investment traffic into the settlement platform.
The Seturion platform has filed for licensing authorization with BaFin, Germany's financial supervisory authority, operating under the European Union's DLT Pilot Regime framework, although regulatory clearance remains outstanding, according to a spokesperson from Boerse Stuttgart who spoke with Cointelegraph.
Nasdaq's European venues to join Seturion
The European exchange operations of Nasdaq will similarly integrate with Seturion to enable the trading of tokenized securities that undergo settlement via the platform. These two entities had previously disclosed a collaborative arrangement in March, outlining their intentions to develop an expansive network of securities issuers, brokerage firms and banking institutions throughout Europe aimed at decreasing settlement expenses and minimizing market fragmentation.
"With Seturion, we are building the European settlement platform for the unified European capital market. As an open industry solution, Seturion contributes to overcoming Europe's fragmented settlement landscape."
Matthias Voelkel, CEO of Boerse Stuttgart Group
The Boerse Stuttgart Group introduced Seturion in September 2025 with the goal of supplanting Europe's fragmented collection of national settlement infrastructures with a unified open-access system. The technological platform accommodates both public and private blockchain networks, executes settlements using central bank-issued currency as well as blockchain-native digital cash, and has already commenced operations at BX Digital, the FINMA-licensed DLT exchange facility operating in Switzerland.
European bank consortium Qivalis expands to 37 members
This Seturion partnership announcement arrives as financial institutions throughout Europe accelerate efforts to construct compliant blockchain-based infrastructure. Qivalis, a banking consortium based in Europe that is developing a euro stablecoin meeting MiCA compliance standards, has expanded its membership to 37 financial institutions following the addition of 25 banking organizations operating across 15 nations, with notable participants including ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo.
The consortium headquartered in Amsterdam, which aims to create regulatory-compliant alternatives to stablecoins dominated by the US dollar, has established a target launch window in the latter half of 2026.