Laser Digital, a subsidiary of Nomura, participates in launching an on-chain credit vault for small and medium-sized enterprises in Saudi Arabia, aiming to raise 100 million USD

According to The Block, Laser Digital, a digital asset subsidiary of Nomura, has partnered with ZIG Finance to launch an on-chain investment product called zEMS Vault, aiming to raise $100 million to provide qualified institutional investors with exposure to a portfolio of loans for small and medium-sized enterprises in Saudi Arabia. The relevant loans are issued through Beehive's lending infrastructure.

The vault is deployed on the BNB Chain, and investors can use stablecoins for subscriptions and redemptions. KAIO is responsible for tokenization and the management of the vault's entire lifecycle, with KYC checks performed at both the subscription and redemption stages; Zamanat is responsible for investment structure design and providing Shariah compliance consulting, while Laser Digital serves as the risk framework advisor.

zEMS Vault is the first product under the strategic cooperation between ZIG Finance and Laser Digital, and both parties plan to expand this model to other emerging markets and credit strategies.