According to CoinPost, the digital asset issuance and management platform Progmat announced that it has completed the migration of all security token projects to Avalanche L1. The total amount of the migrated projects exceeds 452 billion yen. After the migration, the related projects have been fully converted to an EVM-compatible environment; the processing speed for rights transfers has increased by 3 to 5 times compared with before, and settlement confirmation time has been reduced to within 2 seconds. Progmat has announced 45 security token projects, involving an amount of more than 231.3 billion yen.

AVAX2.89%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • 1
  • Share
Comment
Add a comment
Add a comment
L2LunchBoy
· 4h ago
A 3–5x speedup sounds modest, but in financial scenarios, every second is money
View OriginalReply0
FrontrunFail
· 07-13 02:13
Progmat’s move here is essentially setting an example for the RWA sector
View OriginalReply0
CandleWickPoet
· 07-13 02:12
Japan is moving faster than expected in the area of security tokenization.
View OriginalReply0
TheNemesisOfFomo
· 07-13 02:10
231.3B publicly listed projects—are the rest still on the way?
View OriginalReply0
Re-StakingSucculents
· 07-13 02:10
2-second settlement—this experience is smoother than some Layer 2s.
View OriginalReply0
GateUser-26374bb4
· 07-13 02:10
A transfer volume of 452B yen is quite shocking—this pace of traditional finance moving on-chain is indeed accelerating.
View OriginalReply0
PublicBlockchainUnderTheAurora
· 07-13 02:07
EVM-compatible + second-level confirmations, and the institutional entry barrier has lowered another notch
View OriginalReply0
  • Pinned