Mitsui & Co. Digital Commodities is expanding the reach of its regulated tokenized metals asset, Zipangcoin (ZPG), by deploying it on the public Optimism (OP) Mainnet. This marks the first time the product, which represents tokenized gold, silver, and platinum, will be issued on a public blockchain since its regulated launch in Japan in 2022.
Previously, ZPG operated exclusively on bitFlyer's private Miyabi blockchain. The migration to OP Mainnet moves the asset from a closed infrastructure to a public-chain setting, significantly expanding its potential user base and accessibility. This strategic integration is framed by Mitsui as the beginning of Zipangcoin's multichain rollout.
A key immediate development is the scheduled listing of the ZPG token on the Japanese cryptocurrency exchange GMO Coin on April 20. This listing is expected to provide direct trading access to a broader audience of investors.
The move leverages Optimism's role as a leading Ethereum Layer 2 scaling solution, offering lower transaction fees and faster processing speeds. Mitsui highlights that this efficiency makes the platform ideal for blockchain-based commodities, enhancing the user experience for trading and transferring these tokenized real-world assets (RWAs).
Zipangcoin is launched under Japan's strict regulatory framework, providing a layer of compliance and trust. The asset is directly backed by physical holdings of precious metals, positioning it as a stable, safe-haven investment within the digital asset ecosystem, contrasting with more speculative cryptocurrencies.
