Progmat Leverages Avalanche Blockchain for Scalable Financial Infrastructure

Japan's capital markets are undergoing a historic transformation as traditional infrastructure gives way to blockchain-based solutions. At the forefront of this revolution is Progmat, the country's largest tokenized securities platform, which is poised to make a significant shift in its technical infrastructure.

The platform, currently hosting over $2 billion worth of assets, will migrate from Corda to a dedicated Avalanche Layer 1 (L1). This move is expected to boost scalability and compliance capabilities, solidifying Progmat's position as the go-to platform for regulated financial products in Japan.