Who’s still holding $AVAX right now? 👇 I’m not judging Avalanche by one ugly candle. I’m looking at what has already moved from announcement to operation. Progmat completed the migration of its entire digital-securities platform to a dedicated Avalanche L1, covering more than
- Progmat has migrated its digital securities platform to Avalanche L1, handling over JPY 452 billion in assets and significantly speeding up rights-transfer processing.
- The platform is now targeting tokenized Japanese government bonds and stablecoin-based repo, with a working group including major financial institutions like BlackRock Japan.
- Ongoing improvements to Avalanche's protocol economics and the platform's progress in real-world asset tokenization suggest continued focus despite current market sentiment.
Topics: Asset types, Blockchain usage, Institutional adoption, Financial instruments, Ethereum evm l 1 s, Asset manager initiatives
Tags: #avax #progmat #avalanchel1 #digitalsecurities #tokenizedjapanesegovernmentbonds #stablecoinrepo #blackrockjapan #fujitestnet #cchaingas #realassets