What to know:
- In an epoch of confusion and chaos, Boerse Stuttgart dares to unveil Seturion – a blockchain marvel intended to bring order amidst Europe‘s fragmented and quarreling post-trade systems for tokenized treasures, claiming to slash settlement costs by a staggering 90%. Yes, ninety percent! Or so they say, while we wonder if holding our breath is part of the process.
- This grandiose platform welcomes all, from banks to brokers, trading venues, and tokenization platforms, eager to support both the noble public blockchains and the secretive private ones – because, of course, transparency and secrecy are best friends in these modern times.
Imagine, if you will, Boerse Stuttgart, that venerable fortress of finance, now donning a digital cloak named Seturion, designed to bring salvation (or perhaps further confusion) to the tangled web of European post-trade processes. A blockchain-based infrastructure, they say, to wipe away cross-border friction, unify the scattered and quarrelsome settlements, and-miraculously-cut costs by up to 90%. Admirable, isn’t it? Or perhaps foolish optimism masked as innovation.
Already in use at BX Digital, the Swiss fortress of regulated DLT trading, and tested with European banks during the ECB’s blockchain trials of 2024 – a year that perhaps will be remembered as the dawn of digital salvation or the last gasp of financial hubris.
Matthias Voelkel, the reigning monarch of Boerse Stuttgart, proclaims boldly: “Seturion is the first of its kind-a digital pan-European settlement platform for tokenized assets.” Truly, a momentous occasion, or just another chapter in the endless saga of financial evolution-who can tell anymore? With its open architecture, supporting both public and private blockchains, it aims to dissolve national silos and forge a united European capital market. But beware! Babel was once an ambitious project too.
The platform boasts the ability to settle in central bank money or on-chain cash – as if trading assets were as simple as switching hats. No license? No problem! Institutions can trade in tokenized assets without the bother of DLT licenses, leaning instead on the existing connections of the grand market infrastructure. Because who needs regulation when you have optimism?
And so, the “client zero” – that is, Boerse Stuttgart’s own venues – shall venture into this brave new world first, with the curtain waiting to be pulled aside for more participants to stumble in. Pending approval from the stern guardians of regulation, headed by Lidia Kurt, Sven Wilke, Dirk Kruwinnus, and Samuel Bisig, the merry band of digital enthusiasts now file their license with BaFin – because what could possibly go wrong? 🤡
And thus, the stage is set for Europe’s latest attempt at digital dominance, or perhaps just another amusing anecdote in the saga of human greed and technological hubris.
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2025-09-04 17:25