Japan’s largest security token platform moves nearly $3 billion to Avalanche blockchain

60-second summary

Progmat, Japan's largest security token platform, is moving nearly $3 billion in assets to the Avalanche blockchain. This significant shift accounts for 64.6% of Japan's total security token market issuance value, underscoring Progmat's dominance in the Japanese market. The move to Avalanche is expected to enhance security and scalability, benefiting Japan's burgeoning security token ecosystem.