Boerse Stuttgart Group’s Seturion has added Societe Generale, SG-FORGE and flatexDEGIRO to expand blockchain-based securities settlement across Europe.
Summary
The May 21 announcement said Seturion will provide settlement for tokenized securities transactions between the partners. The platform is part of Boerse Stuttgart Group and is designed as an open settlement network for banks, brokers and trading venues.
Seturion will support public and private blockchains. It will also allow settlement against onchain money, including MiCA-compliant stablecoins, and central bank money. Boerse Stuttgart said Nasdaq’s European trading venues will also connect to Seturion.
Societe Generale plans to issue tokenized structured securities through Seturion. These products include turbo warrants and investment certificates, which are expected to trade on European venues connected to the settlement platform.
SG-FORGE, Societe Generale’s crypto-asset unit, will provide its euro and dollar CoinVertible stablecoins for settlement. The release describes SG-FORGE as the first MiCA-compliant stablecoin issuer backed by a major European bank.
Jean-Marc Stenger, CEO of SG-FORGE, said the company aims to connect digital assets with traditional finance. He said “reference MiCA-compliant stablecoins” can help enable secure onchain settlement.
FlatexDEGIRO will connect its European retail investor flow to Seturion. The online broker serves more than 3.5 million customers across 16 countries and processed more than 75 million securities transactions in 2025.
The move gives Seturion access to retail trading activity tied to Societe Generale’s tokenized structured securities. It also gives flatexDEGIRO a role in testing how tokenized products can move through regulated European market pipes.
The Seturion deal comes as European financial firms push deeper into stablecoins and tokenized finance. Related reports show Qivalis expanded to 37 member institutions after adding 25 banks across 15 countries ahead of its planned euro stablecoin launch in the second half of 2026.
Separate market coverage noted that dollar stablecoins still account for nearly all global stablecoin supply. Non-dollar stablecoins reached $771 million by April 2026, but held only 0.24% of the market. That gap keeps pressure on European firms to build deeper euro-denominated digital finance rails.
SG-FORGE has also expanded CoinVertible beyond Seturion. Earlier coverage said the firm deployed EURCV and USDCV on Canton Network for institutional collateral management and repo finance use cases.
For Boerse Stuttgart, the new partners bring issuers, stablecoin settlement and retail order flow into one structure. The project now gives Europe another test case for blockchain securities settlement under regulated market conditions.
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