Kaia joins Japan tokenized securities consortium “Progmat DCC”…to take part in regulatory discussions

The Kaia DLT Foundation has officially joined Progmat DCC (Digital Asset Co-Creation Consortium), a Japanese industry group focused on digital assets and payment infrastructure. The move is seen as a case of an overseas mainnet participating in Japan’s institutional discussions surrounding tokenized securities, stablecoins and payment infrastructure, aligning with the broader expansion of Japan’s digital-asset ecosystem.

On the 5th, the Kaia DLT Foundation said it has joined Progmat DCC as a member, a group comprising major Japanese financial institutions, technology companies and Web3 firms. Progmat DCC is a consortium set up to conduct proof-of-concept discussions based on the use of digital assets and stablecoins, the advancement of payment and settlement infrastructure, and regulatory alignment.

Progmat, the operator of Progmat DCC, counts Mitsubishi UFJ Trust and Banking at its core, with major trust banks, banks and telecom companies in Japan participating as key shareholders. It is advancing the Pax project, built on a stablecoin issuance and management platform and cross-border remittance infrastructure, and also provides technical infrastructure for issuing tokenized securities.

Through this membership, Kaia plans to participate in discussions focused on the Japanese market covering stablecoins, tokenized real-world assets (RWA), next-generation payments and the broader range of Web3 services. In particular, amid a shift in Japan’s crypto-asset regulatory framework from the Payment Services Act toward the Financial Instruments and Exchange Act framework, Kaia said it will examine its role as a mainnet infrastructure capable of responding to regulatory changes.

Kaia, which has been working to expand real-world Web3 use cases in Asia through integrations with messengers and platforms, plans to gradually explore potential applications in Japan’s financial and payments sectors. The company said it aims to expand the ecosystem through proof-of-concept projects in collaboration with regulated financial institutions in a regulation-friendly environment.

“Participating in Progmat DCC is a starting point for assessing how digital assets can be used in connection with Japan’s regulatory environment,” said Seo Sang-min, CEO of Kaia. “We will continue discussions on collaboration across various areas, including stablecoins, payments and point program integrations.”

Building on this membership, Kaia plans to take part in joint research and proof-of-concept discussions with Japanese financial institutions, payment operators and Web3 companies, and to continue advancing the buildout of digital-asset infrastructure linked to the regulated financial system.