The tokenized securities settlement platform Boerse Stuttgart Group, through its Seturion infrastructure, has entered into a strategic collaboration with Société Générale, SG-Forge, and flatexDEGIRO to accelerate the development of a blockchain-powered securities settlement framework across Europe. The initiative is designed to support tokenized securities trading while addressing the fragmentation that continues to affect the European settlement ecosystem.
Under the agreement, Société Générale is expected to introduce tokenized structured financial products on the Seturion platform. These products will reportedly include turbo warrants and investment certificates tailored for digital financial markets. The partnership is intended to strengthen Europe’s transition toward blockchain-based capital market infrastructure while ensuring compliance with regional regulations.
Stablecoins to Power Settlement Operations
SG-Forge, which operates under a crypto asset market license granted by French regulators, will oversee settlement functions using its CoinVertible stablecoin offerings. The company plans to utilize its euro-denominated EURCV stablecoin along with the dollar-based USDCV stablecoin to facilitate transaction settlements for tokenized securities traded on the network.
The collaboration is expected to create a regulated blockchain settlement environment that combines tokenized securities issuance, stablecoin-based settlement, and retail trading access within a single infrastructure.
The participating companies indicated that the project aligns with the European Union’s Markets in Crypto-Assets regulatory framework, commonly known as MiCA. SG-Forge’s regulated status is expected to support compliant digital asset settlement services within the broader European financial system.
Meanwhile, flatexDEGIRO is set to connect Seturion with its large European retail investor network. The online brokerage platform currently serves around 3.5 million customers across 16 countries in Europe, potentially expanding retail participation in tokenized securities trading.
Nasdaq Europe Integration Planned
The development also includes plans to integrate Seturion with Nasdaq’s European trading infrastructure. This integration is expected to allow tokenized securities trading through blockchain-enabled systems while improving settlement efficiency and reducing associated operational costs.
The companies involved aim to reduce settlement complexity and improve cross-border operational efficiency by replacing fragmented national systems with a unified blockchain-based infrastructure.
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
Matthias Voelkel, chief executive officer of Boerse Stuttgart Group, reportedly explained that the long-term vision behind Seturion centered on building a unified European settlement platform for capital markets. He indicated that the project sought to deliver an accessible industry-wide solution capable of overcoming Europe’s fragmented settlement structure.
Seturion Expands European Blockchain Ambitions
Boerse Stuttgart initially launched Seturion in September 2025 as a platform intended to consolidate separate national settlement frameworks into a more integrated structure. The infrastructure supports both public and private blockchain systems while enabling settlement through either central bank money or on-chain digital cash mechanisms.
The platform is already operational at BX Digital in Switzerland, which functions as a FINMA-regulated distributed ledger technology trading venue.
The latest partnership signals growing momentum among European financial institutions seeking to establish compliant blockchain-powered settlement ecosystems under MiCA regulations.
The announcement also reflects broader activity within Europe’s digital finance sector. A separate consortium known as Qivalis has continued developing a euro-backed stablecoin initiative involving multiple European banking institutions. The consortium recently expanded to 37 members after adding 25 additional banking partners.
Participating institutions reportedly include ABN AMRO, Rabobank, Nordea, and Intesa Sanpaolo. The consortium is targeting the launch of its stablecoin during the second half of 2026.
The expansion of Seturion through partnerships involving issuers, brokerages, and trading platforms is viewed as another step toward building a fully integrated blockchain settlement ecosystem for Europe’s financial markets.
