According to a recent LinkedIn post from Fireblocks, Mitsui & Co. Digital Commodities has brought Japan’s first gold-backed digital token, Zipangcoin (ZPG), from a permissioned blockchain to the OP Mainnet public blockchain. The post indicates that Fireblocks is providing minting, custody, and key management infrastructure on OP Mainnet, with a Solana deployment also planned.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The company’s LinkedIn post highlights Fireblocks’ role in securing the full lifecycle of ZPG at what it describes as an institutional-grade level. For investors, this suggests Fireblocks is deepening its footprint in tokenized commodities and public blockchain infrastructure, potentially strengthening its position as a preferred security and custody provider for regulated digital asset initiatives in Asia.
The post also suggests that supporting ZPG on both OP Mainnet and, later, Solana could showcase Fireblocks’ multi-chain capabilities in real-world asset tokenization. If adoption of gold-backed and other asset-backed tokens grows, this type of mandate may translate into recurring revenue from custody, transaction, and infrastructure services, while reinforcing Fireblocks’ competitive standing among enterprise-focused digital asset platforms.