Progmat Moves ¥452B in Tokenized Securities to Avalanche

Progmat moves ¥452B in tokenized securities to Avalanche

Progmat moved above ¥452 billion in security-token assets from Corda 5 to Avalanche L1, adding EVM support and settlement below two seconds.

$3 Billion in Real-World Assets Migrate to Avalanche in Major Institutional Move

The Japanese firm Progmat announced the successful migration of all its active projects, valued at more than $3 billion dollars in real-world assets (RWA), to the Avalanche public network. This massive infrastructure transition was completed under the “Project Keystone” initiative without causing operational disruptions for the large financial institutions using the service. Moving regulated security tokens from Corda’s private ledger to Avalanc…

Japan's Progmat moves $2B+ of tokenized securities to Avalanche

Progmat, a former Mitsubishi UFJ Trust and Banking venture, announced the migration of all live projects to Avalanche Layer 1 without any disruption in the operations of the financial institutions using it. The company moved over ¥452 billion (over $3 billion) of regulated real estate and live bond tokens to public-chain rails. Japanese giant has moved to Avalanche Avalanche, in a July 10 blog post, confirmed the move. While the value of the ass…

Progmat Moves $2.7B Token Platform From Corda to Avalanche

Why Did Progmat Move Its Security Token Platform to Avalanche? Progmat has completed the migration of its security token issuance and management platform to Avalanche, moving more than ¥452 billion, or about $2.7 billion, in active tokenized assets from a private Corda 5-based ledger to a dedicated public Avalanche Layer 1. The move marks one of the most significant blockchain infrastructure shifts in Japan’s tokenized securities market. Progmat…

Progmat Completes Avalanche Migration With $2.7B in Assets On-Chain

Progmat has completed its migration to Avalanche, bringing more than $2. 7 billion in tokenized assets on-chain in what marks one of the largest institutional blockchain migrations to date.Read more...

Japan’s Progmat Migrates $3 Billion in Security Tokens to Avalanche

Japan-based digital asset platform Progmat, which is backed by Mitsubishi UFJ Financial Group (MUFG), has completed the migration of infrastructure supporting approximately $3 billion in security tokens to the Avalanche Layer 1 blockchain, marking one of the largest real-world asset tokenization initiatives undertaken within a highly regulated financial market. The migration reflects the total notional value of security tokens that have already …