Japan's largest security token platform Progmat has completed its migration to Avalanche, officially bringing over $2.7 billion in assets on-chain

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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Japan’s Top Bond-Trading Regional Bank Buys JGBs After Decade

Iyogin Holdings Inc. has started buying Japanese government debt for the first time in a decade, with small purchases of super-long bonds. The bank's CEO Kenji Miyoshi expects the Bank of Japan policy rate to rise to around 1.5% by the end of next year, and is investing in JGBs to diversify risks across its securities portfolio. Iyogin's move comes as many insurers and foreign investors are avoiding JGBs due to concerns about yields rising from Japan's fiscal policy and inflation.

• Iyogin Holdings, a top Japanese bond-trading regional bank, has resumed purchasing Japanese Government Bonds (JGBs) after a decade-long hiatus, focusing on super-long bonds.
• The bank's CEO anticipates a rise in the Bank of Japan's policy rate to 1.5% by end-2025, viewing current market conditions as an opportunity for investment despite broader investor caution due to inflation and fiscal policy concerns.
• Iyogin also maintains a diversified portfolio including foreign debt (with successful currency risk-taking) and has seen significant gains from Nvidia stock investments, while also being a major player in ship finance with a notable shift towards Swiss franc-denominated loans.

Topics: Asset types, Market cycles macro sensitivity, Public debt, Financial instruments, Interest rate sensitivity, Tokenized us treasuries, Global sovereign bond tokenization

Tags: #japanesegovernmentbonds #iyoginholdings #bankofjapan #interestrates #yields #securitiesportfolio #inflation #currencyrisk #shipfinance #swissfrancfinancing

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