Key facts
- Laser Digital, the digital asset arm of Nomura Group, is investing in ZIGChain.
- ZIGChain is based in the United Arab Emirates.
- The partnership aims to streamline private credit markets in the Gulf States.
- The initiative includes plans for Sharia-compliant offerings.
- The goal is to democratize access to financial services.
- Institutional on-chain vault products will be developed.
Laser Digital, the digital asset subsidiary of Nomura Group, has announced an investment in ZIGChain, a company based in the United Arab Emirates. This partnership is designed to streamline and improve private credit markets throughout the Gulf States. A key objective of this collaboration is to democratize access to financial services by introducing institutional on-chain vault products. The initiative specifically aims to include Sharia-compliant offerings, addressing the financial requirements of the region. This move by Laser Digital signifies a strategic push into the Middle East's digital asset and private credit sectors, leveraging ZIGChain's expertise in the UAE market. The development of on-chain vault products is expected to provide greater transparency and efficiency in private credit transactions, making them more accessible to a wider range of investors and businesses. The focus on Sharia compliance further underscores the commitment to tailoring financial solutions to the specific cultural and regulatory landscape of the Gulf region.