The Japanese firm Progmat announced the successful migration of all its active projects, valued at more than $3 billion dollars in real-world assets (RWA), to the Avalanche public network. This massive infrastructure transition was completed under the “Project Keystone” initiative without causing operational disruptions for the large financial institutions using the service.
Moving regulated security tokens from Corda’s private ledger to Avalanche’s Solidity smart contracts represents a significant milestone. Progmat, which manages more than half of the security tokens in Japan, thus validates the efficiency of public networks and reports transfer speeds up to five times faster.
The integration arrives at a key moment of policy reforms in Japan that seek to enable crypto ETFs. It is expected that by the end of 2026, Progmat will collaborate with BlackRock Japan in a consortium focused on the issuance of state bonds on public blockchains.
Source: https://goo.su/HQXm5
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