avalanche - Japan FinTech Observer

digital assets

Progmat Completes Avalanche Migration, Transitioning JPY 452bn in Tokenized Assets to EVM Environment

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

stablecoin

JPYC Secures ¥1.78 Billion in Series B First Close to Cement Status as Japan’s Default Stablecoin Infrastructure

JPYC Inc., the issuer of the Japanese Yen-pegged stablecoin "JPYC," has completed the first close of its Series B funding round, raising a total of 1.78 billion yen (approx. $11.8 million USD). The round was led by Asteria Corporation, with participation from a diverse consortium

tokenization

Progmat Pivots to Public Chain: Migrates 440 Billion Yen in Security Token Assets to Avalanche

Progmat 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