SocGen to Issue Tokenised Structured Products via Boerse Stuttgart's Seturion Platform

Société Générale will issue tokenised structured products on Seturion, the settlement platform operated by Boerse Stuttgart, and use the platform for settlement. The bank’s existing partner flatexDEGIRO will distribute the products to its 3.5 million retail investors across 16 countries; as a Seturion partner, flatexDEGIRO could also enable retail distribution for other venues connected to the platform. Société Générale FORGE’s EURCV and USDCV stablecoins will settle transactions under the partnership.

Seturion has applied for a DLT settlement system licence under the EU’s DLT Pilot Regime to support pan-European settlement. The platform already has settlement agreements with two structured products venues, one run by Boerse Stuttgart and the other by Nasdaq Stockholm, and has stated it will support other tokenised securities and settlement assets including stablecoins and central bank money. Boerse Stuttgart’s Swiss subsidiary BX Digital uses Seturion for settlement, but the platform requires the pilot licence to operate in the EU.

The arrangement links a large bank issuer, a multi-million-user broker, and a licensed-track settlement layer. Seturion’s pilot application is a live dependency: until approved, EU distribution remains theoretical, and clients relying on the chain for product flow or collateral movement face regulatory lag risk.