PANews reported on February 28th that Progmat , a Japanese security token platform incubated by MUFG , announced a partnership with Ava Labs to migrate its current Corda Enterprise Ledger-based system to the Avalanche L1 blockchain by the end of June 2026. This adjustment by Progmat aims to move existing and future security tokens to an Ethereum-compatible public blockchain ecosystem, improving interoperability with various permissionless chains. Meanwhile, its existing interoperability partner, Datachain, will continue to support the issuance of security tokens on non- Avalanche chains and provide delivery versus payment ( DvP ) and payment versus payment ( PvP ) settlements based on various stablecoins.