Boerse Stuttgart Group, a European settlement platform for tokenized securities, announced a strategic partnership involving its tokenized securities settlement platform Seturion, online broker flatexDEGIRO, Societe Generale, and SG-FORGE to expand blockchain-based securities settlement infrastructure across Europe.
According to the announcement, the collaboration is designed to support pan-European settlement for tokenized securities while improving efficiency and reducing settlement costs through blockchain-based infrastructure.
Seturion targets European tokenized finance expansion
Seturion, developed by Boerse Stuttgart Group, is positioning itself as an open settlement platform for banks, brokers, trading venues, and financial institutions operating across European capital markets.
The platform supports settlement for tokenized securities across both public and private blockchains and is designed to handle settlement using MiCA-compliant stablecoins as well as central bank money.
Under the partnership, Societe Generale plans to issue tokenized structured securities through the platform, while flatexDEGIRO will connect European retail investor flows to the settlement network.
Settlement between participating parties will be conducted using CoinVertible, the euro- and dollar-backed stablecoins issued by SG-FORGE.
“With Seturion, we are building the European settlement platform for the unified European capital market,” said Dr. Matthias Voelkel, CEO of Boerse Stuttgart Group. He added that the platform aims to help reduce fragmentation across Europe’s settlement infrastructure.
MiCA-compliant stablecoins power settlement layer
SG-FORGE, the crypto subsidiary of Societe Generale, said its regulated stablecoins will play a central role in enabling blockchain-based settlement across the network.
“As a regulated stablecoin issuer, SG-FORGE plays a pivotal role in advancing blockchain-based market infrastructure,” said Jean-Marc Stenger, CEO of Societe Generale-FORGE.
The partnership comes as European financial institutions increasingly expand stablecoin and tokenized finance initiatives under the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.
Earlier this month, SG-FORGE also partnered with Consensys to expand access to its USD CoinVertible stablecoin through the MetaMask ecosystem.
Tokenized securities gain momentum across europe
The latest initiative reflects accelerating institutional interest in tokenized finance infrastructure, particularly in areas such as securities settlement, stablecoin payments, tokenized deposits, and blockchain-based capital markets.
Seturion said tokenized structured securities are expected to be among the first asset classes to scale rapidly on the platform due to high transaction volumes and issuance activity.
“Tokenization of securities has enormous potential,” said Oliver Behrens,CEO of flatexDEGIRO, adding that faster and more efficient settlement remains a key focus for online brokerage platforms.
The collaboration also comes amid broader efforts across Europe to establish regulated blockchain-based financial infrastructure under MiCA.
Earlier this month, crypto liquidity provider B2C2 secured a MiCA license in Luxembourg to expand regulated crypto trading services across the EU and EEA. Meanwhile, Circle also recently received MiCA authorization from France’s AMF to expand custody and transfer services for USDC and EURC across Europe.
The latest partnership highlights how traditional banks, exchanges, brokers, and stablecoin issuers are increasingly collaborating to modernize settlement systems and expand blockchain-based financial infrastructure across European capital markets.
Also read: AIB Joins 37-Bank European Consortium Developing Euro Stablecoin
