seturion
The European settlement platform for tokenized assets. Jointly turning the vision of a unified European capital market into reality.
- Seturion is to unify the fragmented settlement landscape in Europe, removing cross-border barriers
- Platform enables significant cost savings, leveraging blockchain technology
- Seturion is open to all banks, brokers, trading venues - classic and digital - and tokenization platforms across Europe
- Open architecture with easy connectivity; public and private blockchains supported; settlement against central bank money or on-chain cash; coverage of all asset classes
- Boerse Stuttgart Group’s various European trading venues will connect to Seturion as ‘clients zero’; partners to follow soon
Products & Services
Settlement
With Seturion’s settlement solution, we create a seamless bridge between today’s ‘off-chain’ trading and ‘on-chain’ settlement.
We make the settlement of securities transactions faster, available 24/7 and more cost-efficient. Your assets remain in your own wallet infrastructure. No central securities depository (CSD) is needed. We support public and selected private chains, fiat cash settlement and on-chain cash options.
Issuance
With Seturion’s issuance services, you can tokenize your assets and bring them on-chain.
You can alternatively choose to use your own infrastructure. Additionally, you can offer your infrastructure to other Seturion users.
Registrar
Seturion provides registrar services, maintains accurate ownership records and lifecycle events.
Once tokenized, your assets can be seamlessly traded and settled across borders and ecosystems.
How Seturion works for You
Seturion empowers the European capital markets ecosystem – here’s how we work for you.
For Banks, Brokers and other Trading Participants
- •Connect to Seturion’s settlement solution
- •Trade tokenized assets on trading venues of Boerse Stuttgart Group and all participating trading venues in Europe
- +Access to universe of tokenized assets
- +Significant cost savings in issuance and settlement (up to 90%)
- +Pan-European business opportunities
- +Seamless global settlement without borders
- +Use existing connections trading venues and OTC markets
- +Be part of the European post trade infrastructure of the future
For Issuers
- • Use Seturion as tokenization platform (or connect your own)
- • Use Seturion’s registrar services to maintain accurate ownership records and lifecycle events
- • Connect to Seturion’s settlement solution to enable business opportunities with tokenized assets
- • Enjoy admission to trading for your tokenized assets on trading venues of Boerse Stuttgart Group and all participating trading venues in Europe
- + Significant cost savings in issuance and settlement (up to 90%)
- + Pan-European business and distribution opportunities
- + Seamless global settlement without borders
- + Use existing connections trading venues and OTC markets
- + Be part of the European post trade infrastructure of the future
For Trading Venues (e.g. MTF, OTC)
- • By connecting to Seturion, all trading venues (MTF/OTC) in the EU can trade tokenized assets – without the need to obtain their own DLT license
- • Let your trading participants continue using their existing connections – no need to establish new ones
- + Access to universe of tokenized assets
- + Make your trading venue DLT ready
- + Enable trading of tokenized assets on your trading venue and OTC market
- + No need to obtain own DLT license under EU Pilot Regime
- + Pan-European business opportunities
- + Be part of the European post trade infrastructure of the future
For Tokenization Platforms and Crypto Securities Registrars
- • Connect your platform to Seturion’s open and interoperable architecture, and expand your offering into the Seturion ecosystem
- • Enjoy admission to trading for your tokenized assets on trading venues of Boerse Stuttgart Group and all participating trading venues in Europe
- + Scale your infrastructure
- + Complement your offer with direct access to secondary markets of Boerse Stuttgart Group and other participating venues
- + Complement your offer with registrar services from Seturion
- + Access Boerse Stuttgart Group’s and Seturion’s ecosystems
- + Be part of the European post trade infrastructure of the future
For Custody Banks and Securities Service Providers
- • As Seturion offers no central custody (‘bring your own wallet’ approach), connect your custody and securities services to Seturion’s open and interoperable architecture
- • Expand your custody and securities services offering to the Seturion ecosystem participants
- + Scale your infrastructure
- + Serve your existing clients with access to tokenized assets
- + Access Boerse Stuttgart Group’s and Seturion’s ecosystems
- + Be part of the European post trade infrastructure of the future
Seturion in action at BX Digital
- •Seturion’s settlement solution is already being used by BX Digital, the 1st FINMA/Swiss-licensed DLT trading facility
- •Seturion is built on proven technology, shaped by the regulatory and operational experience of BX Digital
Seturion successfuly tested in ECB Trials
- •Transactions with tokenized securities (bonds, funds, shares) successfully executed and settled
- •First-ever successful settlement of exchange transactions with tokenized securities against Euros on blockchain
- •Involved leading European banks, including Deutsche Bank, DZ BANK, Commerzbank, LBBW, Bankhaus Metzler, V-BANK
Further information:
Redefining Capital Markets with a Unique Approach
Seturion is not ‘just another digital asset project’ – we’re market-driven, truly European, and built for real business impact.
Market-Driven
As an industry utility, Seturion delivers solutions to real-world challenges. We follow market demand with uncompromising dedication, offering significant and sustainable benefits to our clients – and guiding them into the future of Europe’s capital markets.
Open Ecosystem
Seturion focuses on open architecture and interoperability. This approach allows issuers, tokenization platforms, crypto securities registrars, trading venues, trading participants, custody banks and securities service providers to connect and work together.
Truly European
Built with Europe at its core, Seturion’s services are designed to connect today’s fragmented markets. By removing cross-border barriers and creating pan-European business opportunities, Seturion works to unify Europe’s capital markets.
Easy to connect
Low effort to get started: Trading participants can leverage existing trading standards and connections to their trading venues. Trading venues can list and trade tokenized assets just by connecting to Seturion – no extra DLT license required. Significantly reducing regulatory and operational burden.
Safe & Regulated
Seturion meets the highest regulatory standards – audited, EU licensing underway, and built for institutional-grade operations. As part of the 160-year-old Boerse Stuttgart Group, regulatory compliance, trust, and safety are at the core of everything we do.
Blockchain & Cash Leg agnostic
Seturion leverages public or private blockchains, meeting clients where they are. The same applies to the payment leg: We offer settlement in central bank money (for easier implementation, safety and liquidity) or in stablecoins. In short, we deliver exactly the infrastructure that you need.
Users and Partners
To be announced soon - We are building Seturion together with partners from day one. Join us – as a user or partner – and help build Europe’s post-trade infrastructure of the future. Contact us for further information and participation models for you.
Seturion, part of Boerse Stuttgart Group
Seturion is part of Boerse Stuttgart Group, Europe’s sixth-largest exchange group with a 160-year history. As a pioneer in tokenized assets, Seturion is building a unified settlement platform for the European capital market. Seturion also fully owns BX Digital, the first FINMA-licensed DLT trading facility based in Zurich, shaping the future of capital markets for both traditional and digital assets.
Management
Dr. Lidia Kurt
Chief Executive Officer
Seturion (designated)/ BX Digital
Dr. Lidia Kurt is Chief Executive Officer of Seturion (designated) and BX Digital ... Learn more
Sven Wilke
Deputy CEO & CGO | Seturion
Head of Strategy, M&A | Boerse Stuttgart Group
Sven Wilke serves as coopted member of the Group Executive Committee at Boerse Stuttgart... Learn more
Dirk Kruwinnus
Managing Director
Seturion
Dirk Kruwinnus has been the Managing Director of Seturion GmbH since February 2025 and... Learn more
Samuel Bisig
Chief Technology Officer
Seturion (designated) / BX Digital
Samuel Bisig has been Chief Technology Officer (CTO) of BX Digital AG since July 1, 2025... Learn more
Lucas Bruggeman
Chief Executive Officer
BX Swiss
Lucas Bruggeman has been Chief Executive Officer of BX Swiss AG since... Learn more