PANews, February 28 — According to Ledger Insights, MUFG-backed Japanese security token platform Progmat announced a partnership with Ava Labs, planning to migrate its current system based on the Corda Enterprise ledger to the Avalanche L1 blockchain by the end of June 2026. This adjustment aims to transfer existing and future security tokens to an Ethereum-compatible public blockchain ecosystem, enhancing interoperability with various permissionless chains. Additionally, its current interoperability partner Datachain will continue supporting the issuance of security tokens on non-Avalanche chains and provide settlement services based on multiple stablecoins for delivery versus payment (DvP) and payment versus payment (PvP).
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Monument Bank in the UK plans to tokenize approximately $335 million in retail customer deposits.
Regulated UK-based Monument Bank plans to tokenize approximately $335 million of retail customer deposits on the Midnight network. These deposits will continue to accrue interest and be fully insured under the Financial Services Compensation Scheme. In the future, tokenized investment products and asset-backed loan services will be launched.
GateNews28m ago
Nic Carter: Progress on BTC quantum resistance is lagging, while ETH has outlined its upgrade roadmap for 2029.
Nic Carter pointed out that Bitcoin is making slow progress on quantum-resistant upgrades, while Ethereum has made it a strategic priority, planning to complete the upgrade by 2029. He warned that current elliptic curve cryptography faces threats from quantum computing, highlighting the difference in development directions between the two.
GateNews29m ago
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
Pudgy Penguins disrupts the $31.7B licensed toy market by using a "Negative CAC" model, achieving over 2M unit sales in 10,000 retail locations. It has gained cultural significance through partnerships and aims for $120M revenue in 2026 ahead of a possible IPO.
CoinDesk39m ago
The Futarchy of Privacy: Umbra's Fit in a Private Crypto World
The essay discusses the need for "Verifiable Privacy" in professional trading, highlighting Umbra's unique technical approach and performance-based tokenomics. It notes the privacy sector’s strong growth and upcoming catalysts for Umbra’s expansion.
CoinDesk53m ago
Bitpanda, Vision Web3 Foundation, and Optimism Partner to Connect European Financial Institutions to Global Blockchain Economy
Bitpanda launches Vision Chain, aimed at addressing European financial infrastructure bottlenecks and connecting regulated finance with on-chain economy. The blockchain is based on Optimism technology, providing a compliant environment for institutions, facilitating tokenized asset issuance, supporting decentralized finance development, and enhancing user investment opportunities.
BlockBeatNews56m ago
