Progmat Migrates over $1B+ in Tokenized Securities with AvaCloud to Power Japan’s Digital Asset Future

The world’s financial systems are entering a historic period of reinvention. Infrastructure that once moved trillions of dollars through closed networks is being re-architected for openness, speed, and interoperability. Nowhere is this transformation more visible than in Japan. The nation’s security token market has grown rapidly, surpassing $3.5 billion in outstanding assets and $1.8 billion in total issuance. 

At the forefront of this movement is Progmat, Japan’s leading digital asset platform for issuing and managing tokenized securities, which has already enabled the creation of more than $1 billion in digital assets spanning real estate, corporate bonds, and other institutional markets.

Now, Progmat is taking its next major step by migrating its entire security token platform from Corda to a dedicated Avalanche L1 built with AvaCloud. This migration represents one of the largest transitions of tokenized securities to a public blockchain to date, and a defining milestone in Japan’s financial modernization.

By deploying on Avalanche, Progmat will issue EVM-compatible security tokens, unlocking interoperability across decentralized applications and enabling both institutional and on-chain investors to access a new class of compliant digital assets. The shift ensures that Progmat’s infrastructure not only meets Japan’s strict operational standards for financial institutions, but also aligns with the global movement toward onchain finance. 

The migration will replace legacy processes with real-time settlement, transparent ownership, and a shared ledger architecture that drastically reduces operational overhead. Supported by Avalanche’s performance and AvaCloud’s managed infrastructure, Progmat can direct its focus toward product innovation and regulatory advancement rather than technical maintenance - accelerating Japan’s digital-asset evolution from within.

Backed by AvaCloud’s managed infrastructure and enterprise solutions, Progmat operates its Avalanche L1 with efficiency and reliability redirecting focus toward innovation rather than system maintenance.

As tokenized markets accelerate, Japan’s leadership in digital securities is shaping the next chapter of global finance, defined by real-time settlement, transparent ownership, and open access. For Progmat, this migration is about redefining trust and rebuilding financial infrastructure for the future — powered by Avalanche.

About Progmat

Progmat is a startup providing a digital asset issuance and management platform.The company is backed by major investors including Japan’s leading megabanks, the SBI Group, Japan Exchange Group (JPX), and NTT Data, and operates the Digital Asset Co-Creation Consortium (DCC), which now includes over 300 participating companies.

In Japan’s tokenized securities market, Progmat holds roughly 70% market share, with total assets under management exceeding ¥370 billion as of October 2025.

Beyond expanding access to alternative assets—traditionally limited to institutional investors—Progmat aims to transform Japan’s core capital markets infrastructure for securities and investment funds. By building cross-group collaborations with banks and SWIFT, Progmat is also working to reshape corporate settlement and cross-border payment infrastructure, positioning itself as a next-generation national digital infrastructure originating from Japan.

About AvaCloud

AvaCloud is the leading managed blockchain service empowering organizations to effortlessly build, deploy, and scale high-performance decentralized Layer-1 networks. With a no-code platform, automated infrastructure, and enterprise-grade support, AvaCloud enables businesses to focus on innovation without the complexity of blockchain management.