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Progmat moves ¥452B in tokenized securities to Avalanche

Progmat moves ¥452B in tokenized securities to Avalanche

Progmat has completed the migration of its security-token platform from Corda 5 to a dedicated Avalanche Layer 1. 

Summary

  • Progmat migrated every managed security-token project to Avalanche while preserving existing functions and institutional controls.
  • Rights transfers run three to five times faster, according to Progmat’s internal tests and estimates.
  • Crypto.news coverage shows Avalanche’s tokenized asset market expanding across funds, stocks, treasuries, and credit products.

The company said every active project on the platform moved to the new network. Those projects represent more than ¥452 billion in underlying assets and issued securities. The migration…

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