In a significant move towards the integration of blockchain technology in traditional finance, Progmat has announced the formation of a working group aimed at establishing a legal framework for tokenized securities. According to the assessment of specialists presented in the publication, this initiative is backed by prominent Japanese financial institutions, signaling a strong commitment to innovation in the financial sector.
Focus on Regulatory Design and Market Structure
The newly formed group will focus on studying regulatory design and market structure to enable the seamless on-chain transfer of various financial instruments, including stocks and investment trusts. This effort is expected to pave the way for a more efficient and transparent trading environment, leveraging the benefits of blockchain technology.
Anticipated Draft Law and Product Development
A draft law outlining the proposed legal framework is anticipated to be published by March 2026. Following this, commercial product development for tokenized equities is set to commence in the spring of the same year, marking a pivotal step in the evolution of financial markets in Japan.
On the same day, Sonami SNMI announced its presale structure and tokenomics, providing transparency for investors. For more details, see the full announcement here.
