Mitsui & Co.’s MDC announced the token launch: its Zipangcoin (ZPG) will deploy on OP Mainnet. ZPG, a regulated on-chain news asset in Japan, previously operated on the private Miyabi chain. GMO Coin will list ZPG on April 20. MDC cited the OP Stack’s 600 million projected transactions for 2025 as a key reason. ZPG’s on-chain RWA assets reached $18.6 billion in 2025.

ChainThink reports, according to The Defiant, MDC, the digital commodities subsidiary of Mitsui & Co. in Japan, has deployed its tokenized gold, silver, and platinum assets, Zipangcoin (ZPG), to OP Mainnet.


mitsui co. - Mitsui & Co. subsidiary Zipangcoin to launch on OP Mainnet

This is the first time ZPG has been launched on a public blockchain since its release in 2022, following its previous operation on the private Miyabi blockchain. The Japanese exchange GMO Coin will list ZPG on April 20.

mitsui co. - Mitsui & Co. subsidiary Zipangcoin to launch on OP Mainnet


MDC stated that the selection of OP Mainnet was based on research into the growth of the OP Stack ecosystem, which processed over 6 billion transactions in 2025.


Zipangcoin is a commodity-backed crypto asset compliant with Japan’s regulatory framework. In 2025, the on-chain tokenized RWA asset size grew to approximately $18.6 billion.