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Mitsui & Co.’s Crypto Arm Brings Tokenized Metals Asset Zipangcoin to OP Mainnet

Mitsui & Co.’s Crypto Arm Brings Tokenized Metals Asset Zipangcoin to OP Mainnet

This is the first deployment of ZPG on a public blockchain ecosystem — since launching in 2022, the token has been on a private blockchain developed by Japanese CEX bitFlyer.

Mitsui & Co. Digital Commodities (MDC), a subsidiary of Japanese trading giant Mitsui & Co., Ltd., its tokenized gold, silver, and platinum asset, Zipangcoin (ZPG), on OP Mainnet, according to a press release shared with The Defiant.

ZPG has been issued under Japan’s regulatory framework since 2022 and currently runs on Miyabi, a proprietary private blockchain developed by longtime crypto exchange bitFlyer.

The OP Mainnet deployment marks the first time the asset will be issued in a public blockchain ecosystem. Per the release, Japanese CEX GMO Coin will list ZPG…

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