Confirmed: Over $1B migrated from Corda to Avalanche (AvaCloud)
According to Ava Labs’ AvaCloud blog, Progmat has migrated over $1B in tokenized securities from Corda to a dedicated Avalanche Layer-1 built with AvaCloud. The move establishes a shared, EVM-compatible network purpose-built for regulated assets in Japan.
The report notes the migration covers tokenized real estate and corporate bonds, and replaces legacy processes with real-time settlement and transparent ownership records. It frames the shift as an architectural upgrade from a permissioned DLT to an EVM environment that can interoperate with mainstream tooling.
The same source also places Progmat’s domestic footprint at roughly 70% market share, with total assets under management above ¥370 billion as of October 2025. Those figures indicate scale but are distinct from the value already moved.
Why Progmat chose Avalanche: EVM, real-time settlement, interoperability
EVM compatibility lowers integration friction for custodians, broker-dealers, and service providers by aligning with widely used smart-contract standards. Real-time settlement can reduce counterparty and operational risk, while shared-ledger design supports consistent state across participants without fragmented silos.
This rationale is consistent with the platform’s public positioning around secure, enterprise-grade market infrastructure. “By combining blockchain and other advanced technologies with financial know-how, a secure and stable platform will be implemented in society. That is Progmat,” said Progmat in corporate materials.
Immediate impact in Japan: tokenized real estate and corporate bonds
In the near term, Japan-based issuers and distributors using Progmat can house tokenized real estate and corporate bonds on the Avalanche network. This may improve post-trade transparency and shorten settlement cycles for compliant offerings.
Interoperability with the EVM stack could widen connectivity to wallets, analytics, and compliance tools while maintaining permissioned controls where required. Within Japan’s regulated ecosystem that includes institutions such as Japan Exchange Group (JPX), the migration positions tokenized instruments for broader operational alignment.
What moved vs Progmat AUM and $2B+ headline claims
The confirmed migration figure is over $1B, while separate references to ~$2B+ reflect broader platform scale; total assets under management of roughly ¥370 billion represent the market footprint and should not be conflated with assets already moved. The distinction matters for assessing what is live on Avalanche today versus the scope of Progmat’s overall tokenized securities pipeline.
At the time of this writing, AVAX trades around $9.49 with sentiment described as bearish, volatility near 10.55%, and a 14-day RSI near 32.32. These figures are contextual market background and are not indicative of future performance or guidance.
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