Progmat, Digital Asset sign MOU to tokenize Japanese government bonds on Canton

Cointime update: Japan’s security token platform Progmat signed a memorandum of understanding with US-based Digital Asset Holdings to develop on-chain trading and settlement of Japanese government bonds (JGBs) and other real-world assets on the institutional Canton Network. The first phase connects Progmat’s issuance platform to Canton and the JGB transfer account ledger, targeting “tJGB” tokens that preserve the bonds’ legal transfer and settlement finality while enabling 7×24-hour settlement. Progmat says it handles 51 of 103 disclosed ST projects in Japan, worth ¥290.6 billion of ¥470.3 billion.