Progmat brings Japan’s state debt a step closer to Canton Network
Progmat (
@progmat_en) has signed an MOU with Digital Asset (
@digitalasset), the company behind
@CantonNetwork ($CC). The two plan to connect Progmat’s platform to Canton as trading and settlement rails for tokenized Japanese Government Bonds.
A working group of more than 68 organizations will test short-term bond loans (repos) on a Canton sandbox, settled with tokenized deposits and stablecoins.
The tokens remain tied to Japan’s official bond register, preserving their legal status while enabling 24/7 settlement.