Announced details
International remittances, cross-border payments, securities settlement, and financial and payment infrastructure
The disclosure states that the system enables fast, low-cost international remittances, but quantitative benefits have not been disclosed.
Progmat is the patent holder. Datachain plans to work with domestic and international financial institutions to commercialize the remittance scheme and expand its applications. Datachain is a subsidiary of Speee.
The location, representative, business activities, capital, and year of establishment of Progmat have not been disclosed. The names and profiles of the individual domestic and international financial institutions have not been disclosed.
Patent No. 7850327; patent registration date: 14 April 2026. The term of validity has not been disclosed.
Datachain headquarters: 35th Floor, Roppongi Grand Tower, 3-2-1 Roppongi, Minato-ku, Tokyo
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
FXC Intelligence, “NEW DATA: cross-border payments market now worth over $194tn and is forecast to reach $320tn by 2032” (16 January 2025)
| Item | Details |
|---|---|
| Names of Products / Services Covered | Stablecoin remittance system; Swift-integrated stablecoin remittance system |
| Counterparty | Progmat, domestic and international financial institutions |
| Counterparty overview | The location, representative, business activities, capital, and year of establishment of Progmat have not been disclosed. The names and profiles of the individual domestic and international financial institutions have not been disclosed. |
| Relationship with the Company | Progmat is the patent holder. Datachain plans to work with domestic and international financial institutions to commercialize the remittance scheme and expand its applications. Datachain is a subsidiary of Speee. |
| Applicable area | International remittances, cross-border payments, securities settlement, and financial and payment infrastructure |
| Registration number and expiry date | Patent No. 7850327; patent registration date: 14 April 2026. The term of validity has not been disclosed. |
| Location | Datachain headquarters: 35th Floor, Roppongi Grand Tower, 3-2-1 Roppongi, Minato-ku, Tokyo |
| Quantitative Effects | The disclosure states that the system enables fast, low-cost international remittances, but quantitative benefits have not been disclosed. |
| Source | FXC Intelligence, “NEW DATA: cross-border payments market now worth over $194tn and is forecast to reach $320tn by 2032” (16 January 2025) |
Items this document does not state (9)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To establish intellectual property rights to core technology for a stablecoin remittance system using Swift's API framework and strengthen the company's competitive advantage in global markets.