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Stuttgart Stock Exchange Launches Pan-European Tokenized Asset Settlement Platform Seturion
BlockBeats News, September 5th, according to Cointelegraph's report, the sixth-largest exchange operator in Europe, Boerse Stuttgart Group, has launched a blockchain-based settlement platform called Seturion to facilitate cross-border transactions of tokenized assets across Europe. The platform is targeted at banks, brokers, exchanges, and tokenization platforms, supporting both public and private blockchains, with settlements possible in central bank money or on-chain cash.
Local banks have already tested it in a blockchain trial with the European Central Bank (ECB). Boerse Stuttgart Group stated that its in-house exchange will be the first to connect to the platform. Currently, the DLT exchange platform BX Digital, based in Switzerland and regulated by Boerse Stuttgart Group, has implemented this solution, with other market participants requiring regulatory approval to join.
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