The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the accelerating institutional adoption of public blockchain technology, Progmat has migrated over ¥452 billion in security-token assets from Corda 5 to the Avalanche L1 blockchain. This transition is specifically designed to integrate Ethereum Virtual Machine (EVM) support, enhancing the technical interoperability of the ecosystem. According to reports, the migration aims to drastically reduce settlement times to less than two seconds for institutional-grade assets.
This migration aligns with a broader global trend toward Real World Asset (RWA) tokenization, where major networks compete for institutional liquidity. Avalanche offers specific advantages through its Subnet architecture, allowing institutions to maintain strict regulatory compliance while benefiting from public network effects. Per market data, this shift positions Progmat ahead of several domestic competitors in Japan that remain restricted to private, permissioned ledgers.
Operationally, investors are monitoring how this integration will lower overhead for the major Japanese financial institutions backed by Progmat. While specific instrument price data is currently unavailable, the market focus remains on network stability following the migration. Traders should also watch for upcoming Japanese economic catalysts, including Household Spending and Current Account data on July 6 and 7, 2026, which may influence broader sentiment in the Japanese fintech sector.