The Stuttgart Stock Exchange Group has launched Seturion, a blockchain-based settlement platform designed to streamline cross-border transactions of tokenized assets in Europe. Seturion aims to significantly reduce settlement costs by up to 90% compared to traditional methods, marking a significant shift in the European financial landscape. The platform’s initial activation is set for September 5th at BX Digital Switzerland, with broader EU-wide implementation pending regulatory approvals under the DLT Pilot Regime and BaFin. Seturion’s modular nature allows seamless integration into existing infrastructures, while central bank currency or on-chain cash can be used as operational currency. The platform’s launch promises a more efficient European financial market, enabling increased transparency and reduced transaction times. CEO Matthias Voelkel emphasized Seturion’s role as an industry solution, open to all participants and aimed at creating a unified European capital market. Regulatory approval remains key for wider adoption, but the potential impact on global financial networks is significant.