“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.