Japan’s $1.6T government bond repo market is about to go onchain.



And the players building it aren’t experimenting anymore — they’re laying the rails for institutional-scale finance.

Progmat, Japan’s leading tokenized securities platform and a dedicated Avalanche L1 builder, is spearheading research into tokenized JGBs, stablecoin settlement, and fully onchain repo infrastructure for real-world commercial use in Japan.

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