Stuttgart Stock Exchange launches blockchain-based pan-European settlement platform Seturion

Foresight News reported that the Stuttgart Stock Exchange has launched Seturion, a blockchain-based pan-European settlement platform aimed at unifying the fragmented post-trade systems for tokenized assets and reducing settlement costs by up to 90%. The platform is open to banks, brokers, traditional and digital exchanges, as well as tokenization platforms, and is already in use on BX Digital, a distributed ledger technology (DLT) trading platform regulated by the Swiss Financial Market Supervisory Authority (FINMA).