Boerse Stuttgart becomes first European exchange group to win DLT settlement licence
- —BaFin issued the DLT-TSS licence in coordination with ESMA and the ECB
- —Seturion aims to cut settlement costs for banks and brokers by up to 90%
- —The platform supports public and private blockchains, with settlement in digital assets or central bank money
- —Partners include flatexDEGIRO, Nasdaq, Société Générale and SG FORGE
Why it matters: The first DLT licence for an EU exchange group paves the way for a unified European market in tokenized securities and settlement.
Source: BTC-ECHO