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Seturion, Societe Generale and flatexDEGIRO Build European Blockchain Securities Settlement Platform

Societe Generale will issue tokenized structured securities, while SG-Forge will use EURCV and USDCV for settlement on the new system.

Summary

Seturion has partnered with Societe Generale, SG-Forge and flatexDEGIRO to develop a blockchain-based securities settlement system in Europe. Under the arrangement, Societe Generale will issue tokenized structured securities on the platform, and SG-Forge will handle settlement using EURCV and USDCV. The project brings tokenization (putting real-world assets on blockchain rails) into traditional capital markets infrastructure, aiming to streamline how digital securities are issued and settled.

Terms & Concepts
  • Tokenized structured securities: Traditional structured securities represented on a blockchain, allowing issuance and transfer through digital ledger infrastructure.
  • Settlement: The final transfer of assets and payment after a trade is completed.
  • Blockchain: A shared digital ledger that records transactions in a verifiable and tamper-resistant way.