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# Progmat Completes Avalanche Migration, Transitioning JPY 452bn in Tokenized Assets to EVM Environment
- URL: https://www.fintechobserver.com/progmat-completes-avalanche-migration-transitioning-jpy-452bn-in-tokenized-assets-to-evm-environment/
- Published: 2026-07-13T00:26:40.000Z
- Updated: 2026-07-13T00:26:40.000Z
- Author: Norbert Gehrke
- Tags: digital assets, tokenization, security token, japan, blockchain, avalanche

Tokenization platform Progmat has successfully migrated its digital securities issuance and management infrastructure from the Corda 5 distributed ledger to an Avalanche L1 network.

The infrastructure overhaul, dubbed "Project Keystone," transitions the entirety of Japan's leading security token platform—currently managing over ¥452 billion ($2.8 billion USD) in assets—into an Ethereum Virtual Machine (EVM) compatible environment.

According to the firm, the upgrade abstracts the underlying ledger layer via a new "mediator" architecture, separating core business logic from specific blockchain dependencies. The redesign addresses the dual requirements of institutional compliance and public-network composability while accelerating transaction processing speeds by 3x to 5x. Under the new Avalanche L1 architecture, transaction finality is achieved in under two seconds, enabling near-instantaneous settlement.

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To meet institutional security standards, the platform integrated Ava Labs’ "AvaCloud" infrastructure, which carries SOC 1 and SOC 2 Type II compliance certifications. The migration converted existing Java-based Corda smart contracts into Solidity-based EVM contracts without altering operational specifications or disrupting existing enterprise participants.

> "The completion of this Avalanche integration represents a landmark moment where the Japanese security token market connects directly with the global real-world asset (RWA) ecosystem," **said Tatsuya Saito, Founder and CEO of Progmat.**

Nick Mussallem, CEO of AvaCloud, added that executing a full migration of over ¥452 billion in regulated securities without operational disruption sets a new benchmark for institutional-grade blockchain infrastructure.

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[Progmat Pivots to Public Chain: Migrates 440 Billion Yen in Security Token Assets to AvalancheProgmat has entered into a strategic partnership with Ava Labs (Avalanche) and blockchain interoperability startup Datachain, aiming to accelerate the “financial on-chain” ecosystem by migrating Progmat’s Security Token (ST) platform from a private ledger to the Avalanche public blockchain ecosystem. From Private Consortium to Public Ecosystem Progmat, which![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/icon/Newsletter-Small-cf96b851-fdc3-4889-b8ea-a2c7467ccc13.png)Japan FinTech ObserverNorbert Gehrke![](https://storage.ghost.io/c/46/cb/46cbd57f-e0e8-41a4-a1e2-710103a4267b/content/images/thumbnail/Progmat-Avalanche-Datachain-909abc81-d1d7-4529-80bc-d14dbab7478e.png)](https://www.fintechobserver.com/progmat-pivots-to-public-chain-migrates-440-billion-yen-in-security-token-assets-to-avalanche/)