Stuttgart Stock Exchange Launches Blockchain-Based Settlement Platform

According to Foresight News, the Stuttgart Stock Exchange has introduced a blockchain-based pan-European settlement platform named Seturion. This initiative aims to streamline the fragmented post-trade systems for tokenized assets and reduce settlement costs by up to 90%. The platform is accessible to banks, brokers, traditional and digital exchanges, as well as tokenization platforms. It is currently operational on the BX Digital platform, which is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and utilizes distributed ledger technology (DLT).