PANews, February 28 — According to Ledger Insights, MUFG-backed Japanese security token platform Progmat announced a partnership with Ava Labs, planning to migrate its current system based on the Corda Enterprise ledger to the Avalanche L1 blockchain by the end of June 2026. This adjustment aims to transfer existing and future security tokens to an Ethereum-compatible public blockchain ecosystem, enhancing interoperability with various permissionless chains. Additionally, its current interoperability partner Datachain will continue supporting the issuance of security tokens on non-Avalanche chains and provide settlement services based on multiple stablecoins for delivery versus payment (DvP) and payment versus payment (PvP).
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Bo Hines, CEO of Tether USAT (a US-regulated, dollar-backed stablecoin launched by Tether), is also a former White House cryptocurrency advisor who participated in shaping U.S. digital asset policies during critical industry development periods.
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Host: You previously worked at the White House and are now the
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