Boerse Stuttgart Group’s Seturion settlement network has formed a strategic alliance with Societe Generale, SG-FORGE and flatexDEGIRO to support pan-European tokenized-securities settlement using MiCA-compliant stablecoins. The partnership aims to move securities settlement away from fragmented national rails and toward faster on-chain infrastructure designed for regulated capital markets.
The initiative combines exchange infrastructure, bank-issued tokenized products, stablecoin settlement assets and retail brokerage distribution. The partners are targeting settlement in on-chain seconds, with industry projections cited by the companies pointing to potential cost reductions of up to 90% compared with legacy processes.
Regulated Stablecoins Anchor the Settlement Model
Seturion will serve as the open DLT settlement network, supporting public and private chains, on-chain cash and settlement against central bank money. Boerse Stuttgart has applied for a DLT Pilot Regime licence, positioning Seturion as a compliant infrastructure layer for EU market participants.
Seturion, Boerse Stuttgart Group’s European settlement platform for tokenized securities, today announced a strategic partnership with flatexDEGIRO, Societe Generale, and Societe Generale-FORGE, on a clear path to expand its network of leading financial institutions across Europe… pic.twitter.com/286YqQCA21
— Societe Generale Forge (@SG_Forge) May 21, 2026
Societe Generale plans to issue tokenized structured products, including turbo warrants and investment certificates, for listing and trading on venues connected to Seturion. SG-FORGE will provide CoinVertible stablecoins, including EURCV and USDCV, as MiCA-compliant settlement assets for on-chain transactions.
flatexDEGIRO adds retail distribution to the structure, routing order flow into Seturion. The broker serves more than 3.5 million customers across 16 countries and processed more than 75 million securities transactions in 2025.
Tokenized Market Infrastructure Moves Toward Scale
The alliance also relies on institutional custody and operational resilience providers, including Fireblocks, while Nasdaq’s European trading venues are expected to connect to Seturion. That venue and custody connectivity is critical to closing the loop between trading and settlement.
Boerse Stuttgart’s chief executive described Seturion as a European settlement platform for a unified capital market. That ambition directly addresses Europe’s persistent market fragmentation, where national systems still add friction to cross-border securities activity.
The structure is designed to lower counterparty, settlement and operational risk by combining issuance, regulated stablecoin rails and broker distribution inside one market-infrastructure stack. If implemented successfully, it could accelerate liquidity formation for tokenized structured products while keeping settlement inside supervised channels.
The release highlights cost and latency gains, but energy and systems impact will depend on implementation. On-chain settlement can reduce operational intensity per trade only if network architecture, node operation and custody hosting are efficient.
The next milestone is regulatory and technical execution. DLT Pilot Regime clearance, venue integration, custody readiness and broker routing will determine whether Seturion becomes a scalable settlement rail for tokenized securities across Europe.