Mitsui launches Zipangcoin on OP Mainnet, offering regulated crypto exposure to gold, silver, and platinum for investors.
Global company Mitsui & Co. has launched Zipangcoin (ZPG), a cryptocurrency backed by precious metals such as gold, silver, and platinum, on the OP Mainnet. The token will give investors exposure to physical commodities through a regulated digital instrument.
The company chose to launch on the selected network for its security, fee structure, and compatibility with institutional regulations and operations. The token will be listed on GMO Coin on 20 April 20.
Sho Miichi, Representative Director & President of Mitsui & Co., said: “We are pleased to partner with Optimism to bring a high-quality, commodity-linked digital asset from Japan to investors worldwide.”
Kyle Jenke, Chief Business Officer of OP Labs, said: ” Zipangcoin is a commodity-backed cryptoasset issued by Mitsui & Co. Digital Commodities and will be the first cryptoasset issued by a Japanese company to launch on OP Mainnet. We’re proud to be building this with Mitsui & Co. Digital Commodities.”
Stay updated on crypto and AI by following our socials
