Boerse Stuttgart’s Seturion brings SocGen, SG-FORGE and flatexDEGIRO into European blockchain settlement network
Boerse Stuttgart Group’s token-settlement platform Seturion announced on May 21 that it has added Societe Generale, its crypto arm SG‑FORGE, and retail broker flatexDEGIRO as partners to expand blockchain-based securities settlement across Europe. The move aims to stitch together issuers, onchain money and retail order flow into a single regulated settlement fabric.
What Seturion will do
- Seturion will provide settlement for tokenized securities transactions between the new partners and other connected market participants. The platform is built as an open settlement network for banks, brokers and trading venues and supports both public and private blockchains.
- It can settle against onchain money including central bank money and MiCA‑compliant stablecoins (the EU’s regulatory standard for certain crypto-assets). Boerse Stuttgart also said Nasdaq’s European trading venues will connect to the network.
Who’s involved and why it matters
- Societe Generale plans to issue tokenized structured securities — including turbo warrants and investment certificates — via Seturion, with those products expected to trade on European venues linked to the platform.
- SG‑FORGE, Societe Generale’s crypto-asset unit, will supply its CoinVertible stablecoins (euro and dollar variants) for settlement. Boerse Stuttgart described SG‑FORGE as the first MiCA‑compliant stablecoin issuer backed by a major European bank. Jean‑Marc Stenger, CEO of SG‑FORGE, said the firm’s goal is to “connect digital assets with traditional finance” and that “reference MiCA‑compliant stablecoins” can enable secure onchain settlement.
- flatexDEGIRO will route its European retail investor order flow into Seturion. The online broker serves more than 3.5 million customers across 16 countries and processed more than 75 million securities transactions in 2025. That retail access gives Seturion exposure to client activity linked to Societe Generale’s tokenized products and lets flatexDEGIRO help test how tokenized securities move through regulated market infrastructure.
Broader context for Europe’s tokenization push
- The Seturion partnership is the latest sign of European firms deepening their footprint in stablecoins and tokenized finance. For example, Qivalis expanded to 37 member institutions after adding 25 banks across 15 countries ahead of a planned euro stablecoin launch in H2 2026.
- Market data show dollar-denominated stablecoins still dominate global supply. Non‑dollar stablecoins reached about $771 million by April 2026 — roughly 0.24% of the market — underscoring pressure on European institutions to build euro-denominated digital rails.
Other deployments by SG‑FORGE
- SG‑FORGE has already taken CoinVertible beyond Seturion: it deployed EURCV and USDCV on the Canton Network for institutional use cases such as collateral management and repo finance.
Why this matters
For Boerse Stuttgart, the new partners combine issuance capability, regulated stablecoin settlement and retail distribution in one structure. The project provides another live test case for running blockchain-based securities settlement under European regulatory conditions, and could accelerate adoption of tokenized products across regulated market pipes.
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