Boerse Stuttgart Group, the sixth exchange operator in Europe, launched a Blockchain-based settlement platform designed to manage transfective transactions of tokenized assets in the region.
According to an announcement on Thursday, the platform targets banks, brokers, commercial places and tokenization platforms. The system supports public and private blockchains, with a possible payment in central bank or chain cash.
The platform, called setturion, has already been tested by local banks as part of the blockchain tests carried out with the European Central Bank (ECB).
The group said its own exchanges would connect first, with the solution already live at BX Digital, the regulated DLT DLT place of Boerse Stuttgart in Switzerland. Other market players will be subject to supervision approval.
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Through Europe, banks, fund managers and Fintech startups accelerate experiences with tokenization, which implies the issuance of traditional financial instruments such as bonds, actions and real estate products on blockchains.
The effort takes place under the DLT pilot regime of the EU, a framework entered into force in March 2023 to allow regulated players to test the blockchain infrastructure on the capital markets.
In Switzerland, Taurus, a startup supported by Deutsche Bank, launched a platform for daycare and emission based in Solana in February, allowing banks to manage tokenized actions, debt, structured products and funds.
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Robinhood deployed a layer 2 focused on tokenization on arbitrum for its European customers in June, allowing trade almost 24 hours a day, American actions and tokens.
Tuesday, sustained finance in Switzerland has expanded its XSTOCKS platform to Ethereum, adding token versions of around 60 American actions, notably Nvidia, Tesla, Amazon and Meta.
While tokenization takes steam in Europe, it reflects a broader global trend.
In the United States, the Blackrock Buidl Silver Market Fund was launched in March 2024 in partnership with Securitize and then extended to Solana’s blockchain. The fund pays dividends accumulated daily to investors every month via its security platform.
Skybridge Capital, based in New York, recently said that it would have tokenize $ 300 million in avalanche assets, double the network of real assets of the network.
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