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Boerse Stuttgart has launched Seturion, a dedicated
blockchain-based settlement platform for tokenized assets. The platform can be
used across borders and handles multiple asset classes.
While other exchanges, such as SIX, offer digital asset
services through integrated systems like SIX Digital Exchange, these platforms
generally operate as closed ecosystems. In contrast, Seturion is a modular
platform designed to connect multiple trading venues across Europe.
Dedicated Platform Supports Banks, Brokers, Venues
“We want to overcome current national settlement
infrastructure silos and turn a unified European capital market into reality,” Matthias
Voelkel, CEO of Boerse Stuttgart commented.
“So we designed Seturion as an industry solution: It is open
to all market participants and we are looking forward to building and scaling
Seturion together with them.”
Seturion is available to banks, brokers, trading venues, and
tokenization platforms. It supports tokenized assets on public and private
blockchains, as well as cash settlement using central bank money or on-chain
cash.
You may find it interesting at FinanceMagnates.com: German
Stock Exchange Boerse Stuttgart’s Digital Business Gets New Boost.
Boerse Stuttgart says the dedicated platform aims to make
settlement faster and more cost-efficient.
Platform Tested in ECB, Active Switzerland
The system was tested as part of ECB blockchain trials with
several European banks. It is also in use at BX Digital, a Finma-regulated DLT
trading facility in Switzerland. Boerse Stuttgart says all European trading
venues can connect to the platform using existing infrastructure.
Boerse Stuttgart Digital Secures First MiCA
Germany has granted one
of its first MiCA licenses to Boerse Stuttgart Digital. The approval allows
the exchange’s digital unit to operate across all 27 EU member states.
Issued by Germany’s regulator BaFin, the license aligns with
the MiCA regulations, which streamline licensing for crypto service providers
across Europe. Boerse Stuttgart Digital is reportedly the first German firm to
receive this EU-wide approval, following delays in Germany’s crypto regulation
due to political challenges.
This article was written by Tareq Sikder at www.financemagnates.com. and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this
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