Mitsubishi UFJ Trust and Banking Corporation, Mizuho Trust & Banking Co., Ltd., Sumitomo Mitsui Trust Bank, Limited, Sumitomo Mitsui Financial Group, Inc., SBI PTS Holdings, Co., Ltd., JPX Market Innovation & Research, Inc., NTT DATA Japan Corporation, and Datachain, Inc. today agreed on a shareholders agreement about the establishment of “Progmat, Inc”.

“Progmat, Inc” is responsible for the development of “Progmat”, an issuance and management platform for a range of digital assets, and the management of the Digital Asset Co-Creation Consortium (“DCC”). DCC has 214 member companies.

Through this alliance, the eight partner companies will smoothly implement co-creation areas with standardized format and realize an overwhelming improvement in convenience for market participants, thereby enhancing the development and competitiveness of the digital asset market in Japan.

At the general shareholders’ meeting to be held on the same day of the company’s establishment, a resolution will be passed to elect directors of “Progmat, Inc.” and announce the management structure of the company, including outside directors.

The corporate website will be renewed at the same time, and all content that was previously shared exclusively with “Digital Asset Co-Creation Consortium” members will be made public in principle, and other related information will be opened.