Progmat, Inc. (株式会社Progmat)
ConfidenceLikelyUpdated2026-07-30Review by2026-11-21Sources3Machine-translatedOriginal (JA)
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Wiki route
This entry sits under payment-firms INDEX. Read it with Three-Layer Structure of Japan's Stablecoin Regulatory Regime (JPYC, USDC, Project Pax) for adjacent context and payments index for the broader system boundary.
TL;DR
Progmat, Inc. is a digital asset issuance / management platform operator. In stablecoins it is important as the infrastructure behind the trust-type Progmat Coin / Project Pax line, but the company itself does not become a bank, trust company, or electronic payment instruments trading operator; the issuer remains on the regulated trust-bank side such as Mitsubishi UFJ Trust and Banking (MUTB).
1. Corporate / license boundary
The following table is scoped to public primary sources (progmat.co.jp). It restates licence / structure / product boundaries from those materials and does not invent market share, ranking, or unstated numerical claims. ↗
| Item | Reading |
|---|---|
| Legal entity | Progmat, Inc. (株式会社Progmat) |
| Origin | A Mitsubishi UFJ Trust and Banking internal project; an independent company from 2023-10-02 |
| Main lanes | ST / UT / SC platform, Progmat Coin, DCC consortium operations |
| Regulatory boundary | Platform provider; token issuer / trustee / distributor roles are handled by participating regulated entities. |
2. Business role
- Provides tokenization platform rails for security tokens, utility tokens, and stablecoin infrastructure.
- Connects MUFG trust-bank know-how, other megabank participants, NTT Data, JPX, and Datachain-style interoperability work.
- Acts as the institutional, trust-type stablecoin / tokenized-asset platform counterpart to the funds-transfer-issued EPI model run by sibling operator JPYC Inc., distinct from non-bank exchange surfaces tracked in exchanges index.
3. Why this standalone page matters
The existing detailed page lives in fintech/, but JapanFG needs a company anchor because Progmat is a named Japanese financial-infrastructure operator with large-bank shareholders and stablecoin relevance.
Related
- jp-stablecoin-progmat
- japan-stablecoin-regulatory-landscape
- jp-trust-type-sc-architecture
- mitsubishi-ufj-trust-bank
- mufg
Sources
- Progmat About Us: https://progmat.co.jp/about/
- Progmat Concept: https://progmat.co.jp/concept/
- Progmat Coin joint study press release: https://progmat.co.jp/en/news/2023-09-11-press/
Discovery
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