Progmat, Japan's leading security-token platform, has completed migrating all its managed projects from Corda 5 to a dedicated Avalanche Layer 1 blockchain. This migration preserves existing functions while accelerating rights transfers by three to five times, according to internal tests. The platform now supports Ethereum Virtual Machine (EVM) compatibility, allowing developers access to Ethereum-based tools without compromising regulatory controls. The move also prepares Progmat for future cross-chain settlement capabilities, enhancing its ability to handle tokenized assets worth over ¥452 billion under institutional standards.
DeXe (DEXE) surged 7.04% to $38.16, topping the altcoin gainers due to recent improvements in its governance model, pushing its market cap to $1.78 billion. Other notable gainers include Arbitrum, Uniswap, Worldcoin, and Aave, each rising between 4% ...
Hyundai is testing stablecoins USDT and USDC for faster internal transfers between its subsidiaries, reducing transfer times from hours to about 7 minutes. The pilot with Tether's USDT showed superior speed and stability compared to traditional bank ...
Hyundai Card, Hyundai Motor Group's financial arm, successfully completed a $20,000 USDT transfer between its US and Mexico subsidiaries on the Avalanche blockchain in just seven minutes, compared to the usual 3-4 hours via traditional bank wire. Thi...
AVAX One Technology regained compliance with NASDAQ's $1 minimum bid price by executing a 1-for-12 reverse stock split effective June 15, clearing the threshold on July 9. The company, holding about 14 million Avalanche (AVAX) tokens and generating o...
Cryptocurrency markets experienced varied price changes, with Bitcoin rising 1.93% to $63,254 and Ethereum up 0.72%. Several altcoins saw significant gains, including DEXE at 12.26% and MORPHO at 8.41%, indicating selective investor interest. Stablec...
