Progmat Initiates Examination of Japan's Tokenized Stocks

Progmat, a provider of blockchain-based infrastructure, announced on the 4th that it has started examining tokenized stocks (ST) tailored for the Japanese market. The examination will be conducted in collaboration with 24 major financial institutions including Nomura, Mitsubishi UFJ Trust, and SBI. The company has established a 'Tokenization Law & Stock ST Working Group' to explore mechanisms for trading stocks on the blockchain. Progmat, a subsidiary of Mitsubishi UFJ Trust Bank, is a startup engaged in developing financial infrastructure utilizing blockchain technology. Challenges in the Japanese stock market: Lag in the environment for small investments. The current state of the Japanese stock market...