The consortium’s new initiative with over 30 financial institutions targets on-chain stock issuance, aiming for 1 yen unit trades, continuous markets, and integrated voting rights.
Progmat’s Digital Asset Co-Creation Consortium has announced the Tokenization Law & Stock ST Working Group, bringing together over 30 financial institutions to explore blockchain-based on-chain stock issuance. The initiative aims to enable trading in 1 yen increments, operate markets 24/7, and incorporate shareholder voting rights. Japan’s security token market has expanded to ¥550 billion, primarily in real estate and bond security tokens.