Japanese Trading House Mitsui To Launch Cryptocurrency Tied To Gold: Report


The token, called ZipangCoin (ZPG), is to be sold to retail investors and will be pegged to the yen cost of gold, purchased by Mitsui from the City of London Metal Exchange, according to the report. The cost of a ZPG will be equal to the value of one gram of gold and it will be guaranteed by Sumitomo Mitsui Banking Corp., the Nikkei wrote.