Mitsui & Co.’s Crypto Arm Brings Tokenized Metals Asset Zipangcoin to OP Mainnet
Mitsui & Co. Digital Commodities (MDC), a subsidiary of Japanese buying and selling big Mitsui & Co., Ltd., its tokenized gold, silver, and platinum asset, Zipangcoin (ZPG), on OP Mainnet, in keeping with a press launch shared with The Defiant.
ZPG has been issued beneath Japan’s regulatory framework since 2022 and presently runs on Miyabi, a proprietary personal blockchain developed by longtime crypto alternate bitFlyer.
The OP Mainnet deployment marks the primary time the asset will likely be issued in a public blockchain ecosystem. Per the discharge, Japanese CEX GMO Coin will listing ZPG on April 20.
MDC’s guardian, Mitsui & Co., is a Fortune World 500 conglomerate with a market cap of over $94 billion, and Berkshire Hathaway as its largest shareholder, the discharge notes.
MDC additionally said within the launch that the selection of OP Mainnet follows deliberate due diligence, highlighting that OP Stack chains processed over 6 billion transactions in 2025 — 29x progress in two years.
In line with DefiLlama, OP Mainnet presently holds over $1.1 billion in bridged TVL, a $538 million stablecoin market cap, and $165 million in weekly DEX quantity.
“Zipangcoin’s energy lies within the security and transparency now we have constructed since 2022 beneath Japan’s rigorous regulatory framework,” stated Sho Miichi, MDC’s Consultant Director & President.
“We’re happy to companion with Optimism to carry a high-quality, commodity-linked digital asset from Japan to buyers worldwide.” Kyle Jenke, Chief Enterprise Officer at OP Labs, described Japan’s regulatory readability as “one of the crucial compelling markets for on-chain finance.”
The ZPG launch suits right into a broader wave of institutional-grade belongings shifting on-chain. On-chain tokenized RWAs tripled to roughly $18.6 billion over the course of 2025, with analysts projecting the market may attain $2 trillion by 2030. Optimism has emerged as a most well-liked vacation spot for regulated merchandise: ether.fi not too long ago migrated its crypto neobank — with $5.7 billion in TVL and round 50,000 lively playing cards — from Scroll to OP Mainnet to entry enterprise-grade fee infrastructure. A centuries-old commodity buying and selling home selecting the identical chain for a regulated physical-asset product indicators the shift is broadening.
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