Mitsui & Co. Digital Commodities to Expand Zipangcoin Series to Public Blockchains via New Multi-Chain Infrastructure
Digital Asset Markets and Intertrade (TSE: 3747) have developed a new token issuance and distribution infrastructure designed to facilitate the multi-chain expansion of the "Zipangcoin" series.
The Zipangcoin series, issued by Mitsui & Co. Digital Commodities, consists of three commodity-linked crypto assets: Zipangcoin (ZPG), Zipangcoin Silver (ZPGAG), and Zipangcoin Platinum (ZPGPT). These assets are designed to track the market prices of gold, silver, and platinum, respectively.
The new technical foundation was built upon Intertrade’s "Spider Digital Transfer," a total solution platform for financial instruments, integrated with infrastructure provided by Fireblocks. This development marks a significant shift for the Zipangcoin series, which has historically been managed on private blockchains. With this upgrade, the tokens are now capable of being deployed and traded across multiple public blockchains.
Key Institutional Roles
- Intertrade: Leveraged its 25 years of experience in financial systems to build the issuance and redemption system using the Fireblocks tokenization platform.
- Digital Asset Markets: As a licensed crypto asset exchange operator, the company implemented the multi-chain compatibility and the on-chain distribution system by combining "Spider Digital Transfer" with Fireblocks.
- Mitsui & Co. Digital Commodities: Serves as the issuer of the commodity-backed tokens.
The move to public blockchains is intended to enhance the liquidity and accessibility of these Real-World Asset (RWA) tokens. According to the announcement, the partners intend to continue expanding supported chains and adding features to the Zipangcoin series in response to market demand and evolving regulatory environments.
Norbert Gehrke
