Regulations
By James Thorp
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Why Settlement, Why Now. Securities settlement has always been one of finance's uglier back-office problems.
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Regulatory Hurdles Ahead. It's not going to be simple. The project needs regulatory approvals across multiple European…
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Boerse Stuttgart wants to rewire how Europe settles securities. Its blockchain arm, Seturion, is joining forces with Societe Generale, SG-FORGE, and flatexDEGIRO to build a…
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The four partners are targeting something the European financial industry has talked about for years but never quite cracked: a unified, distributed-ledger infrastructure that…
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Securities settlement has always been one of finance's uglier back-office problems. Trades in Europe typically take two business days to settle — the so-called T+2 standard — and…
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The group's plan is to build infrastructure that actually delivers on that pitch at a European scale.
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flatexDEGIRO's role is interesting and maybe underappreciated. The broker serves millions of retail clients across Europe.
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Read also: Washington Moves on Crypto Rules as National Security Fears Mount
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It's not going to be simple. The project needs regulatory approvals across multiple European jurisdictions, and that's genuinely hard.
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The EU's DLT Pilot Regime, which took effect in 2023, created a sandbox for blockchain-based market infrastructure — but it's a sandbox with limits.
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But the partners seem to know what they're walking into. Navigating that regulatory complexity is part of why you need Societe Generale at the table — a bank with deep…
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The broader context matters too. European financial institutions have watched tokenized securities markets grow steadily, and there's a real sense that the window to build…
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Related: Prometheum Finally Trades Crypto After Nearly a Decade of Regulatory Groundwork
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Whether the four partners can actually deliver a working pan-European settlement system — and get it approved — is still an open question.
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flatexDEGIRO serves clients across more than a dozen European countries.
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