Progmat
Japan's bank-grade digital asset and stablecoin issuance platform
About
Progmat, Inc. is a Tokyo-based digital asset infrastructure company founded by MUFG and backed by SMBC, Mizuho, JPX, SBI and others. Its Progmat Coin platform provides compliant, multi-chain issuance and management infrastructure for yen- and dollar-backed stablecoins, with MUFG Trust Bank acting as custodian to ensure 1:1 backing. Progmat underpins Japan's megabank stablecoin initiatives and supports issuance partners including Binance Japan.
Key products
Chains
- Founded
- 2023
- HQ
- Tokyo, Japan
- Stage
- Private
- Funding
- Backed by MUFG, SMBC, Mizuho, JPX, SBI
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