Japanese Trading House Mitsui to Launch Gold-Linked Cryptocurrency: Report – Crypto News

The token, dubbed ZipangCoin (ZPG), will be sold to retail investors and will be linked to the price of gold in yen, procured by Mitsui from the London Metal Exchange, according to the report. The price of one ZPG will equal the value of one gram of gold and will be guaranteed by Sumitomo Mitsui Banking Corp., Nikkei wrote.