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Progmat Migrates JPY 452 Billion Tokenized Securities To Avalanche L1

Progmat reportedly completed migration of more than JPY 452 billion in security-token projects to an Avalanche L1, moving Japan tokenized securities infrastructure into an EVM-compatible environment with faster rights-transfer processing. The shift raises new compliance questions around transfer restrictions, custody and possible RWA secondary-market connectivity.

High impact🇯🇵 JapanTokenizationRegulationCustodyAVAXProgmatAvalanche

APAC FINSTAB analysis

For APAC operators, this creates a high-impact signal around tokenization, regulation, custody in Japan. Protocols/assets in scope: AVAX. Named institutions or platforms: Progmat, Avalanche. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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