Progmat completed the migration of its security‑token platform from Corda 5 to a new Avalanche Layer 1 blockchain. The company moved all active security‑token projects to Avalanche while preserving existing functions and institutional controls, according to its internal testing. The migration enables rights transfers that are three to five times faster than the previous system, Progmat said, and achieves transaction finality in less than two seconds, the company reported. Progmat’s platform now supports security tokens that are compatible with the Ethereum Virtual Machine, expanding the tokenized asset market to include funds, stocks, treasuries and credit products. The migration represents more than ¥452 billion in underlying assets and securities. Progmat describes itself as Japan’s leading domestic security‑token platform. The work was carried out under Project Keystone, and Progmat redesigned the system so its business functions no longer depend on a single blockchain, adding a mediator layer that will allow future connections to other chains while keeping issuance, ownership and transfer processes unchanged. AvaCloud, which provides the dedicated Avalanche network and related services, said the setup meets SOC 1 and SOC 2 Type II assurance standards. Progmat noted that the transition caused minimal disruption for issuers and that existing users did not need to rebuild their products. The new contracts are Solidity‑based, replacing the earlier Java‑based Corda code. Progmat and Ava Labs have also created a response system for outages that operates during nights and holidays. The platform is intended for institutional use rather than unrestricted retail trading. While the migration supports planned cross‑chain settlement for assets such as stablecoins and tokenized bank deposits, Progmat has not released public data on performance during peak demand or on new trading volumes linked to the change. Datachain said in February that partners plan cross‑chain services for delivery‑versus‑payment and payment‑versus‑payment transactions. Progmat said its revised design can support multiple chains based on asset features or investor needs. BlackRock’s BUIDL fund reached about $900 million on Avalanche, and the network’s distributed real‑world assets stood near $2.10 billion. Progmat will support ongoing studies by Metaplanet and JPYC into Bitcoin‑backed digital credit, and Securitize previously listed its shares on Avalanche and Solana.