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Japan’s largest security token platform shifts nearly $3B to Avalanche

The Block reports Progmat’s security token infrastructure accounted for 64.6% of Japan’s security token market issuance value.

Reported · Written up by our desk · Market Structure

The Block reports that Progmat, described as Japan’s largest security token platform, is moving nearly $3 billion to the Avalanche blockchain.

The outlet said Progmat’s security token infrastructure has a dominant presence in Japan’s security token market, accounting for 64.6% of the country’s total issuance value.

The development highlights ongoing migration of tokenized financial infrastructure to alternative blockchain networks as issuers seek new rails for security token issuance.

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