“Can Börse Stuttgart transform from a traditional exchange operator into the dominant infrastructure layer for tokenised securities and digital asset custody in Europe?”
Börse Stuttgart Group, historically Germany's second-largest stock exchange, pivoted aggressively into digital and crypto from 2018 onward—launching a custody subsidiary, a retail crypto app (BISON), and a regulated digital asset exchange (BSDEX). The group embedded regulated banking infrastructure via Solarisbank to power KYC/onboarding and e-money services for its crypto products. In 2026 it launched Seturion as a pan-European blockchain-based securities settlement network, positioning the group as infrastructure for the tokenised-securities ecosystem rather than merely a venue operator.
Börse Stuttgart discloses Solarisbank as its banking provider, according to the Embedded Finance Index 2026.
Börse Stuttgart does not disclose a bank charter of its own; its banking services are provided through Solarisbank.
Börse Stuttgart's crypto products run on Boerse Stuttgart Digital Custody GmbH (in-house).
The Embedded Finance Index 2026 maps 2 layers in Börse Stuttgart's stack: Banking / BaaS (Solarisbank); Crypto (Boerse Stuttgart Digital Custody GmbH (in-house)).
Börse Stuttgart is headquartered in Stuttgart, Germany.
Get a read on where your own stack stands against Börse Stuttgart and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.