Boerse Stuttgart Teams Up With flatexDEGIRO and Societe Generale to Launch Blockchain-Based Settlement Platform

Boerse Stuttgart Group's digital settlement unit, Seturion, has formed a strategic partnership with online broker flatexDEGIRO and French lender Societe Generale, including its crypto-asset subsidiary Societe Generale-FORGE (SGFORGE), to develop a pan-European blockchain settlement framework aimed at modernizing post-trade processing and lowering costs. The partners plan to start with tokenized structured securities, citing their high issuance and transaction volumes. Societe Generale will issue tokenized structured products such as turbo warrants and investment certificates via Seturion. These instruments are expected to trade across European venues, including Boerse Stuttgart's own markets and Nasdaq's European trading venues. Retail flow is set to come through flatexDEGIRO, which serves more than 3.5 million customers across 16 countries. Settlement will take place on-chain through Seturion using regulated euro- and U.S. dollar-pegged stablecoins provided by SGFORGE. Seturion said the design targets Europe's fragmented post-trade landscape by supporting both public and private blockchains, with the stated goal of reducing settlement costs and shortening transaction cycles. Matthias Voelkel, CEO of Boerse Stuttgart Group, said Seturion is intended to serve as a European settlement platform aligned with the emerging Capital Markets Union and to help overcome fragmentation. Lidia Kurt, CEO of Seturion, said faster and more cost-efficient settlement "on tokenized rails" is especially relevant for securities with large numbers of transactions and issued products. Oliver Behrens, CEO of flatexDEGIRO, highlighted execution quality and settlement efficiency as central to modern online brokerage, describing tokenization as an area of "enormous potential." Societe Generale executives framed the project as a bridge between digital-asset infrastructure and traditional finance. Jean-Marc Stenger, CEO of SGFORGE, said regulated stablecoins would support secure on-chain settlement, while Christian Sagerer, a management board member at Societe Generale's Frankfurt branch, said the bank aims to use the infrastructure to drive innovation and improve efficiency in how structured securities are issued and distributed.