Automated description from the Alliance of Genome Resources (Release 7.0.0)
Enables protein tyrosine phosphatase activity. Involved in several processes, including oligodendrocyte differentiation; regulation of myelination; and regulation of oligodendrocyte progenitor proliferation. 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 several structures, including central nervous system; eye; genitourinary system; limb; and olfactory system. Orthologous to human PTPRZ1 (protein tyrosine phosphatase receptor type Z1).