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Joined November 2020
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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.
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