【Canton Ecosystem News】Progmat and Digital Asset Sign MOU to Advance Tokenization of Japanese Government Bonds on Canton
Progmat and Digital Asset have signed a memorandum of understanding to add Canton support to the Progmat digital asset platform, prioritizing tokenized JGB trading and settlement. On-chain positions will connect to Japan’s book-entry transfer registry, enabling programmable repo and collateral workflows while preserving finality of legal settlement, and providing node access services for banks and securities firms. The work builds on Digital Asset’s co-creation consortium of 69 institutions, its October findings on synchronized management accounts, and the August DvP demonstration by MUFG, Progmat, and Digital Asset. Commercial services remain subject to further demonstrations and commercialization.
Progmat and Digital Asset have signed a memorandum of understanding to add Canton support to the Progmat digital asset platform, prioritizing tokenized JGB trading and settlement. On-chain positions will connect to Japan’s book-entry transfer registry, enabling programmable repo and collateral workflows while preserving finality of legal settlement, and providing node access services for banks and securities firms. The work builds on Digital Asset’s co-creation consortium of 69 institutions, its October findings on synchronized management accounts, and the August DvP demonstration by MUFG, Progmat, and Digital Asset. Commercial services remain subject to further demonstrations and commercialization.