TL;DR
- Launch: Boerse Stuttgart introduces Seturion, a blockchain settlement platform enabling tokenized asset transactions with both central bank money and on-chain cash options.
- Deployment: Already live at BX Digital in Switzerland, with broader EU expansion planned after regulatory clearance and successful institutional testing.
- Market: Industry forecasts suggest tokenized real-world assets could reach $16 trillion by 2030, signaling major growth potential for blockchain-based finance.
Boerse Stuttgart Group, which is the sixth-largest exchange operator in Europe, has introduced a blockchain-based settlement platform aimed at speeding up the adoption of tokenized finance throughout the continent. The new system, called Seturion, aims to streamline cross-border transactions for tokenized assets while offering settlement in both central bank money and on-chain cash.
Seturion Targets Institutional Adoption
Seturion is built to serve banks, brokers, trading venues, and tokenization platforms, supporting both public and private blockchains. By enabling settlement in central bank money or on-chain cash, the platform provides flexibility for institutions navigating the shift toward blockchain-based capital markets. The launch reflects Boerse Stuttgart’s strategic push to position itself at the forefront of Europe’s tokenization race.
Live Deployment and Regulatory Path
The platform is already operational at BX Digital, Boerse Stuttgart’s regulated distributed ledger technology trading venue in Switzerland. A broader launch across the group’s exchanges is in the works, awaiting regulatory approval. Seturion has been tested with local banks and the European Central Bank, in line with larger blockchain infrastructure trials under the EU’s DLT Pilot Regime, which permits regulated entities to test distributed ledger systems in capital markets.
Competitive Landscape in Tokenization
Boerse Stuttgart’s action follows a series of similar efforts in Europe. In Switzerland, Taurus, supported by Deutsche Bank, recently rolled out a custody and issuance platform based on Solana. Robinhood has launched a tokenization-focused Arbitrum layer-2 for users in Europe. Backed Finance has broadened its tokenized equities to include Ethereum.
The momentum continues in the US, as BlackRock’s tokenized money market fund has grown to include Solana, and SkyBridge Capital intends to tokenize $300 million in assets on Avalanche.
Market Potential for Tokenized Assets
Industry research underscores the scale of the opportunity. Animoca Brands estimates that tokenizing real-world assets could unlock a $400 trillion traditional finance market, spanning private credit, treasury debt, commodities, stocks, alternative funds, and bonds. The 2025 Skynet RWA Security Report estimates that the tokenized RWA market may grow to $16 trillion by 2030, with tokenized US Treasuries projected to reach $4.2 billion this year.
There is increasing interest from institutions, as banks, asset managers, and blockchain-based companies, in tokenization for generating yields and managing liquidity.
