Boerse Stuttgart Group has signed Societe Generale, its digital-asset arm SG-FORGE, and retail broker flatexDEGIRO to its Seturion platform, a pan-European infrastructure for settling tokenized securities on blockchain. The agreements, dated Tuesday, assign distinct roles: Societe Generale will mint tokenized structured products (turbo warrants, investment certificates) on Seturion; SG-FORGE will provide euro and dollar stablecoins (EURCV and USDCV) to settle the cash leg; and flatexDEGIRO will channel retail order flow from its 3.5 million clients across 16 countries through the platform.
Seturion, launched in September 2025, was designed to slash cross-border settlement costs by up to 90% and unite Europe’s fragmented national systems. It handles all asset classes on both public and private chains, supports central bank money or MiCA-compliant on-chain cash, and has already gained traction: Nasdaq's European venues agreed to connect in March 2026, and the Swiss FINMA-licensed BX Digital already runs on the infrastructure. The platform also has a BaFin license application pending under the EU DLT Pilot Regime.
SG-FORGE’s CoinVertible stablecoins – the first MiCA-compliant tokens issued with a major European bank behind them – settle the trades, while Societe Generale’s dominance in structured securities provides a deep product pipeline. flatexDEGIRO’s existing relationship with the French bank channels retail demand directly into the tokenized line. “This partnership turns blockchain settlement from a pilot into an operating rail,” the announcement noted, as the consortium seeks to build a unified capital-market layer ahead of global stablecoin and tokenization standards.
The move comes amid a broader European race: the Qivalis consortium recently expanded to 37 banks across 15 countries, aiming for a MiCA-compliant euro stablecoin in H2 2026. Seturion’s growing network – now connecting issuers, brokers, venues and settlement providers – positions it as a cornerstone of next-generation market infrastructure.
