ARM · The Defiant
Mitsui & Co.'s Crypto Arm Brings Tokenized Metals Asset Zipangcoin to OP Mainnet
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The shift to Optimism is ZPG's first deployment on a public blockchain since launching in 2022, and the start of its global rollout.
Key facts
- Earlier this week, decentralized perpetual exchange GMX launched 24/7 gold and silver markets on L2 Arbitrum, recording more than $10 million in trades on the first day
- MDC's parent, Mitsui & Co., is a Fortune Global 500 conglomerate with a market cap of over $105 billion
- Mitsui & Co. Digital Commodities (MDC), a subsidiary of Japanese trading giant Mitsui & Co., Ltd
- Earlier this year, ether.fi migrated its crypto neobank, with $5.7 billion in TVL and around 50,000 active cards, from Scroll to OP Mainnet to access enterprise-grade payment infrastructure
Summary
Mitsui & Co. Digital Commodities (MDC), a subsidiary of Japanese trading giant Mitsui & Co., Ltd., is launching its tokenized gold, silver, and platinum asset, Zipangcoin (ZPG), on Optimism’s Ethereum Layer 2, OP Mainnet, according to a press release shared with The Defiant. Per the release, Japanese CEX GMO Coin will list ZPG for trading on April 20. MDC's parent, Mitsui & Co., is a Fortune Global 500 conglomerate with a market cap of over $105 billion . MDC also stated in the release that the choice of OP Mainnet follows deliberate due diligence, highlighting that OP Stack chains processed over 6 billion transactions in 2025 referring to tokenized assets on public chains that are freely transferable, as a base case will grow from today’s nearly $30 billion to $400 billion by 2030. Earlier this year, ether.
Securitize and Keyrock’s April report fournd that RWA perpetuals tied to commodities like gold, silver and oil, grew 40x in six months. Earlier this week, decentralized perpetual exchange GMX launched 24/7 gold and silver markets on L2 Arbitrum, recording more than $10 million in trades on the first day. Their articles are stored on Filecoin. Related Posts Etherfi, Scroll’s Top Fee-Generator, Leaves for Optimism Metals.io Brings Tokenized Gold, Uranium, and Rare Earth Metals to Tezos Optimism Introduces New Superchain Token Standard Advertisement Get an edge in Crypto with their free daily newsletter Know what matters in Crypto and Web3 with The Defiant Daily newsletter, Mon to Fri 90k+ Defiers informed every day.