Seturion links Societe Generale to flatexDEGIRO for EU settlement
Boerse Stuttgart’s Seturion will use SG‑Forge’s EURCV and USDCV stablecoins with Societe Generale and flatexDEGIRO to settle tokenized securities across Europe.
Boerse Stuttgart Group’s settlement platform Seturion has partnered with Societe Generale, SG‑Forge and online broker flatexDEGIRO to build a Europe-wide blockchain securities settlement system using SG‑Forge’s EURCV and USDCV stablecoins, the firms announced.
Under the agreement Societe Generale will issue tokenized structured securities such as turbo warrants and investment certificates directly on the Seturion platform. SG‑Forge, the bank’s crypto subsidiary, will handle settlement using its CoinVertible euro and dollar stablecoins, EURCV and USDCV. SG‑Forge holds a Markets in Crypto‑Assets authorization from French regulators and may issue regulated crypto assets in the EU.
FlatexDEGIRO will route retail investor order flow into the system. The broker serves about 3.5 million customers across 16 countries. Nasdaq’s European trading venues will also connect to Seturion to enable trading of tokenized securities that are cleared and settled on the platform.
Seturion launched in September 2025. The platform supports public and private blockchains and can settle transactions in central bank money as well as onchain cash. Seturion is already operational at BX Digital, a FINMA‑regulated DLT trading facility in Switzerland.
On the regulatory side, Seturion has applied to Germany’s BaFin for a license under the EU DLT Pilot Regime; approval is pending. SG‑Forge’s regulatory status under the MiCA framework allows it to operate and issue regulated crypto assets while settling transactions with EURCV and USDCV.
Matthias Voelkel, CEO of Boerse Stuttgart Group, described Seturion as “the European settlement platform for the unified European capital market.” He added that the platform is an open industry solution intended to address Europe’s fragmented settlement landscape.
The partnership forms part of a wider effort by European financial institutions to build regulated blockchain infrastructure. A separate banking consortium, Qivalis, has expanded to 37 member banks and is developing a MiCA‑compliant euro stablecoin with a target launch in the second half of 2026.
The Seturion initiative aims to standardize how tokenized securities are issued, traded and settled across multiple European jurisdictions by linking trading venues, issuers and retail brokers on a single platform and using regulated stablecoins for final settlement.
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