Progmat Migrates $2.7B Worth of Assets to Avalanche

October 22, 2026

Progmat, a Japan-based platform for issuing digital securities and stablecoins, has moved $2.7 billion of tokenized assets to Avalanche. The migration offers a closer look at how financial institutions are using the network for onchain issuance and settlement.

The move was amplified by Avalanche and its Team1 community (AvaxTeam1) on X.
It extends Avalanche's push into institutional and Japanese tokenized-asset infrastructure.

Sources

RT @AvaxTeam1: Progmat Moved $2.7 Billion to Avalanche Progmat’s migration to Avalanche offers a closer look at how financial institutions…x.com ↗

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Progmat Migrates $2.7B Worth of Assets to Avalanche — Outposts