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Progmat

Progmat

Announced
RWA

Japan’s digital asset platform, supporting MUFG’s JGB repo PoC on Canton

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Progmat on Canton

In August 2026 four MUFG companies, together with Digital Asset and Progmat, launched a proof of concept to bring JGB repo transactions onchain via Canton Network. Digital Asset provides the tokenisat

About Progmat

Progmat, Inc. is a Tokyo-based digital asset issuance and management platform that holds a dominant market share in Japan. It was established in 2023 with shareholders including Mitsubishi UFJ Trust, Mizuho Trust, Sumitomo Mitsui Trust, SMFG, SBI PTS, JPX Market Innovation & Research, NTT DATA and Datachain. It develops the Progmat Coin stablecoin platform and security token infrastructure.

Features

What the product does

Digital Asset Issuance Platform.

Issuance and management platform for security tokens and stablecoins (Progmat Coin), widely used in Japan.

JGB Repo PoC Support.

Analyses existing practices and supports productisation for applying blockchain technology to JGB book-entry transfers and repo transactions.

Tokenized JGB / On-chain Repo Working Group.

Established under the Digital Asset Co-Creation Consortium in May, with a report expected in October 2026 and tokenized JGB issuance pilots targeted for later in the year.

Progmat Team

TS

Tatsuya Saito

Founder & CEO

Progmat FAQ

No. Progmat is a multichain issuance platform. Its Canton involvement is supporting MUFG’s JGB repo proof of concept with Digital Asset.
No. MUFG expects to complete the proof of concept by the end of 2026, with commercial rollout targeted between fiscal 2027 and 2029.

Connected Projects

3

Digital Asset

Partner

secured-finance

Partner

MUFG

Partner