Blockchain: Europe’s Stock Settlement Costs Slashed 90%-Are Brokers Ready?

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Boerse Stuttgart Targets <a href="https://jpyxx.com/eur-usd/">Europe</a>’s Fragmented Markets With Tokenized Trades

Seturion is working with flatexDEGIRO and Societe Generale to upgrade how securities are settled across Europe, using a modern blockchain-based system.

  • Key Takeaways:

  • Boerse Stuttgart’s Seturion platform partnered with 3 major financial firms to build European blockchain rails.
  • The unified framework will slash transaction costs for flatexDEGIRO’s 3.5 million retail brokerage clients.
  • Tokenized structured securities will be the 1st asset class to roll out on the new on-chain settlement network.

Tokenized Assets and Trading Venues

Boerse Stuttgart Group’s digital settlement platform, Seturion, has partnered with three major financial institutions to build a pan-European, blockchain-based infrastructure designed to modernize and lower the costs of securities settlement across Europe. The collaboration brings together online broker flatexDEGIRO, French banking giant Societe Generale, and its crypto-asset subsidiary, Societe Generale-FORGE (SG-FORGE).

Societe Generale is teaming up with Seturion to create and launch digital versions of financial products like turbo warrants and investment certificates. These tokenized products will be available for trading on several European exchanges, including Boerse Stuttgart and Nasdaq’s European markets.

According to a news release, retail orders will be funneled directly through flatexDEGIRO, which serves more than 3.5 million customers across 16 countries. Transactions will be settled on-chain through Seturion using regulated euro- and U.S. dollar-pegged stablecoins provided by SG-FORGE.

Seturion officials said the blockchain-based network addresses Europe’s fragmented post-trade environment by supporting public and private blockchains, reducing overall settlement costs and shortening transaction cycles.

According to Boerse Stuttgart Group CEO Matthias Voelkel, Seturion is being developed as a central platform for settling transactions across Europe’s increasingly unified capital market. He explains that Seturion is designed as an accessible solution for all industry participants and will help streamline Europe’s currently fragmented settlement processes.

Industry Shift Toward Digital Infrastructure

Our platform can support a wide range of investments, but we’re starting with tokenized structured securities because they’re currently traded very frequently.

According to Seturion CEO Lidia Kurt, using tokenized systems for settling transactions is particularly beneficial for securities that are traded frequently and come in many different forms, as it speeds up the process and lowers costs.

Online brokerage firms are embracing digital ledger technology to keep up with customers who want faster service. Oliver Behrens, CEO of flatexDEGIRO, emphasized that getting trades done quickly and settling them efficiently are essential today, and he sees tokenization as a promising development in this area.

The initiative arrives as traditional financial institutions increasingly look to blockchain technology to upgrade legacy back-office functions.

Jean-Marc Stenger, CEO of SG-FORGE, said the collaboration acts as a bridge between the digital asset ecosystem and traditional finance, leveraging regulated stablecoins to ensure secure, on-chain settlement.

Christian Sagerer, a management board member at Societe Generale’s Frankfurt branch, added that the bank intends to use the blockchain infrastructure to drive innovation and enhance efficiency in how structured securities are issued and distributed.

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2026-05-23 10:20