It was decided on October 2nd that a new company, ``Progmat Co., Ltd.,'' will be established to develop the ``Progmat'' issuance and management platform for digital assets in general and operate the ``Digital Asset Co-Creation Consortium (DCC).''
Mitsubishi UFJ Trust and Banking, Mizuho Trust and Banking, Sumitomo Mitsui Trust Bank, Sumitomo Mitsui Financial Group, SBI PTS Holdings, JPX Research Institute, NTT Data, and Datachain established Progmat Co., Ltd. on September 11th. announced an agreement to conclude a shareholders' agreement regarding "Progmat" is a platform developed and promoted by Mitsubishi UFJ Trust and Banking. So far, the bank has developed the "Progmat ST" platform that handles security tokens (securities tokens), the "Progmat UT" platform that handles utility tokens, the "Progmat Coin" platform that handles stable coins, and wallet services for various digital assets. We have been developing ``Token Manager'' and ``Token Wallet.'' With the establishment of ``Progmat Co., Ltd.'', programs and intellectual property rights related to ``Progmat'' will be transferred from Mitsubishi UFJ Trust and Banking to the new company. The reason for establishing this joint venture is to build a common infrastructure for the digital asset market and smoothly implement "co-creation areas" across the industry using "standards." The aim is to improve the development and competitiveness of Japan's digital asset market by achieving overwhelming convenience for market participants. Source: あたらしい経済
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