Automated description from the Alliance of Genome Resources (Release 5.2.0)
Enables protein tyrosine phosphatase activity. Involved in several processes, including oligodendrocyte differentiation; peptidyl-tyrosine dephosphorylation; and regulation of myelination. Acts upstream of or within axonogenesis and hematopoietic progenitor cell differentiation. Located in perineuronal net and plasma membrane. Is active in synapse. Is expressed in forelimb; fronto-nasal process mesenchyme; genitourinary system; nervous system; and retina. Orthologous to human PTPRZ1 (protein tyrosine phosphatase receptor type Z1).