The Japanese platform moves regulated assets under the Financial Instruments and Exchange Act to Avalanche, seeking broader integration with international markets and decentralized finance (DeFi) protocols.
Progmat, a Japanese digital securities platform, is migrating ¥440 billion worth of regulated digital securities registered under Japan’s Financial Instruments and Exchange Act to Avalanche blockchain. The initiative is designed to enhance connectivity between Japan’s digital asset market and global participants, while expanding interoperability with decentralized finance (DeFi) systems. Avalanche’s high-speed, scalable infrastructure supports this large-scale transition, potentially paving the way for more cross-border tokenized financial activity.