Japan's largest securities token issuance and management platform, Progmat, has completed its migration to the Avalanche blockchain, transferring all manag...
- Japan's largest security token platform, Progmat, has migrated over $2.7 billion in assets to the Avalanche blockchain, enhancing transaction speed and multi-chain support.
- The platform, incubated by MUFG and supported by major financial institutions, holds a significant market share in Japan's security token market.
- Progmat is actively exploring the tokenization of Japanese government bonds and on-chain repurchase agreements for potential 24/7 trading and real-time settlement.
Topics: Blockchain usage, Institutional adoption, Asset types, Ethereum evm l 1 s, Major financial incumbents, Financial instruments
Tags: #progmat #avalanche #tokenizedassets #securitytokens #mufg #japanesegovernmentbonds #realestate #corporatebonds #evm #layer1
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