what's Progmat?
Progmat is a blockchain-based digital asset platform developed by a consortium of Japanese financial institutions, including Mitsubishi UFJ Trust Bank, aimed at enabling the issuance, management, and trading of digital assets such as stablecoins and security tokens. The platform leverages blockchain technology combined with financial expertise to provide a secure infrastructure for next-generation financial services, supporting features like tokenized assets, cross-border settlements, and integration with traditional banking systems. It facilitates compliant digital asset operations under Japanese regulations, with recent initiatives involving major banks for yen-pegged stablecoins.
Three Japanese megabanks launched stablecoins through the Progmat platform.
Uses Cosmos ledgers and IBC's native connectivity to create cross-border payment rails between jurisdictions.
Three Japanese megabanks launch stablecoins through Progmat platform.
MUFG acquires ¥100B Osaka office building for tokenization on platform, targeting retail and institutional investors.