Inside Digital Assets - Tokenization, Digital Assets and new market infrastructures

Europe’s Post-Trade Problem: A conversation with Matthias Voelkel [EN]

Listen Later
Matthias Voelkel on pan-European post-trade: DLT, CSD silos, and what needs to change for investors.

Inside Digital Assets kicks off with a special opening episode: Host Lidia Kurt (CEO of BX Digital and Seturion) speaks with Matthias Voelkel, CEO of Boerse Stuttgart Group, about why Europe’s capital markets are still fragmented and what could change with tokenization and next-generation post-trade infrastructure.

The discussion connects the macro picture (Capital Markets Union, Europe vs. the US) with the operational reality of market participants: slow settlement cycles, high post-trade cost, and complex cross-border processes. Matthias and Lidia then outline a target state where trading can remain off-chain and unchanged, while the settlement layer evolves toward a more open, pan-European model.

Key topics covered

  • Europe’s fragmented capital market infrastructure: national silos and structural inefficiencies
  • Post-trade today: why settlement can still take T+2 and why cross-border settlement is expensive
  • Who ultimately pays the price: how infrastructure costs flow through to investors
  • The “window of opportunity": political momentum (Capital Markets Union) plus technological change (DLT)
  • Open architecture vs. closed ecosystems: why connectivity matters for adoption
  • Seturion operating model (high level): Settlement as the core layer (delivery-versus-payment), Cash options: traditional rails (central bank money) and digital cash options (e.g., stablecoins)
  • Trading remains off-chain; existing connections and licenses can remain in place, Issuance services as an option, not a requirement
  • Looking ahead 5–10 years: what becomes simpler, what stays for stability (e.g., key roles in the ecosystem)

    • Guest: Dr Matthias Voelkel, CEO Boerse Stuttgart Group

    Host: Lidia Kurt, CEO, BX Digital and Seturion

    About the podcast

    Inside Digital Assets is a podcast about the future of capital markets, tokenization, digital assets and the technologies that power them.

    If you enjoyed this episode, subscribe to Inside Digital Assets and share it with colleagues interested in tokenization, market infrastructure, and the future of post-trade.

    A joint project by BX Digital and Seturion.

    ...more
    View all episodesView all episodes
    Download on the App Store
    Inside Digital Assets - Tokenization, Digital Assets and new market infrastructuresBy BX Digital und Seturion