Boerse Stuttgart Group’s DLT settlement solution Seturion is partnering with Italian firms Weltix and Real House, the company behind the BlockInvest platform, to create an end-to-end DLT solution. BlockInvest, which is backed by UniCredit and Crédit Agricole, has been involved in some of the high profile tokenized securities issuances in the country. Weltix is authorized by Consob as a DLT Register Manager, similar to Germany’s crypto securities registrar.
“Italian banks tell us that the value of tokenization lies in redefining the entire lifecycle of a financial instrument, removing the frictions of today’s infrastructure,” said Antonio Chiarello, CEO & Co-Founder, Weltix. “By combining Weltix’s regulatory perimeter, BlockInvest’s technology and Seturion’s settlement infrastructure, we can offer the market a complete, fully regulated solution that dramatically reduces time to market and streamlines management across the entire value chain.”
Seturion is capable of handling both onchain payments and central bank money, and previously participated in the ECB’s wholesale DLT settlement trials, in which it used Germany’s Trigger solution. While Seturion is already active in Switzerland, it has a pending application for a DLT Pilot Regime license to operate across Europe.
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