Boerse Stuttgart taps SocGen, flatexDEGIRO for EU blockchain settlement push
Boerse Stuttgart’s Seturion has partnered with Societe Generale, SG-FORGE and flatexDEGIRO to build a pan-European blockchain securities settlement system.
Boerse Stuttgart Group’s tokenized securities settlement platform Seturion has partnered with Societe Generale, its crypto subsidiary SG-Forge and online broker flatexDEGIRO to build out a blockchain-based securities settlement system across Europe.
Under the plan, Societe Generale will issue tokenized structured securities, such as turbo warrants and investment certificates, on Seturion, according to a Thursday announcement. SG-Forge, which holds a Markets in Crypto-Assets authorization from French regulators, will settle transactions using its CoinVertible euro and dollar stablecoins, EURCV and USDCV.
FlatexDEGIRO, which says it serves serve 3.5 million customers across 16 countries, will also connect its retail investor flow to the platform.