🚀 Stuttgart Stock Exchange Launches Blockchain-Based Settlement Platform
#StuttgartStockExchange #Seturion #Blockchain #DLT #DistributedLedgerTechnology #SettlementPlatform #PostTrade #TokenizedAssets #PanEuropean #BXDigital #FINMA
According to Foresight News, the Stuttgart Stock Exchange has introduced a blockchain-based pan-European settlement platform named Seturion. This initiative aims to streamline the fragmented post-trade systems for tokenized assets and reduce settlement costs by up to 90%. The platform is accessible to banks, brokers, traditional and digital exchanges, as well as tokenization platforms. It is currently operational on the BX Digital platform, which is regulated by the Swiss Financial Market Supervisory Authority (FINMA) and utilizes distributed ledger technology (DLT).#StuttgartStockExchange #Seturion #Blockchain #DLT #DistributedLedgerTechnology #SettlementPlatform #PostTrade #TokenizedAssets #PanEuropean #BXDigital #FINMA
🚀 EU Digital Asset Firms Warn of Losing Blockchain Market Lead to U.S.
#EU #DigitalAsset #Blockchain #CapitalMarkets #US #DistributedLedgerTechnology #CME #NYSE #Nasdaq #Regulation #Securitize #21X #Seturion #StuttgartStockExchange #CentralSecuritiesDepository #Lise #OpenBrick #STX #Axiology
Eight digital asset companies regulated by the European Union have issued a warning to European regulators about the potential loss of their early lead in blockchain-based capital markets to the United States. According to Foresight News, these firms argue that the EU's distributed ledger technology pilot regime imposes excessive restrictions, which could result in capital shifting to U.S. markets. Major U.S. trading venues, including the Chicago Mercantile Exchange (CME), New York Stock Exchange (NYSE), and Nasdaq, have already developed tokenized asset plans.
The companies involved in this warning are Securitize, 21X, Seturion from the Stuttgart Stock Exchange Group, Central Securities Depository, Lise, OpenBrick, STX, and Axiology. They emphasize the need for the EU to reconsider its regulatory approach to maintain its competitive edge in the rapidly evolving blockchain sector.#EU #DigitalAsset #Blockchain #CapitalMarkets #US #DistributedLedgerTechnology #CME #NYSE #Nasdaq #Regulation #Securitize #21X #Seturion #StuttgartStockExchange #CentralSecuritiesDepository #Lise #OpenBrick #STX #Axiology