The Boerse Stuttgart Group, Europe’s sixth largest exchange operator, launched a blockchain-based platform designed to handle cross-border transactions of tokenized assets across the region.
According to a Thursday announcement, the platform targets Banks, brokers, trading areas and tokenization platforms. The system supports both public and private blockchains, with settlement possible with central bank money or on-chain cash.
The platform, called Seturion, has been tested by local banks as part of blockchain tests conducted with the European Central Bank (ECB).
The team said its own exchange would be connected first, along with a solution that lives in BX Digital, the regulated trading area of Boese Stuttgart in Switzerland. Other market participants will be subject to administration approved.
Related: Stock Exchanges pushed back to tokenized stocks in SEC Letter: Report
Real-world assets surges while tokenization holds
Throughout Europe, banks, funding managers and fintech startups are ramping up experiments with tokenization, which involves the release of traditional financial instruments such as bonds, equality, and real estate products in blockchains.
The effort is taking place under the The EU’s DLT pilot regimeA framework occurred in March 2023 to let the regulated players test the blockchain infrastructure in the capital markets.
In Switzerland, Taurus, a startup backed by Deutsche Bank, launched a Solana-based platform and a release platform in February, which activates banks on the Manage the tokenized equitydebt, structured products and funds.
https://www.youtube.com/watch?v=Cl1NV-uxag0
Robinhood rolls a Tokenization dedicated to layer-2 in arbitrum For its European customers in June, which allows the almost rotation of the US tokens and ETF tokens.
On Tuesday, Switzerland’s backed finance It expanded its Xstocks platform in Ethereum, adding tokenized versions of about 60 US equality -including Nvidia, Tesla, Amazon and Meta.
While tokenization is taking vapor in Europe, it reflects a wider global trend.
In the United States, Blackrock’s Buidl Tokenized Money Market Fund Launched in March 2024 in collaboration with Securitize and eventually expanded to Solana Blockchain. The fund pays daily -accumulated dividends to investors each month through its securitize platform.
New York recently said that Skybridge Capital is tokenize $ 300 million in Avalanche’s possessionsThe real-world asset base of the network is almost doubled.
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