$100 million (approximately 134.2 billion won) target… Saudi loan on-chain product launched
Original headline1억달러(약 1342억원) 목표…사우디 대출 온체인 상품 출시
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ZIG Finance and Nomura Holdings’ Laser Digital launched the zEMS Vault, an on-chain investment product backed by Saudi Arabian SME loans, targeting $100 million in subscriptions. The underlying loan portfolio is originated through Beehive’s lending infrastructure, and the vault is deployed on BNB Chain. Eligible institutional investors can subscribe and redeem in stablecoins, with both processes requiring KYC, while KAIO handles tokenization of the loan portfolio and vault operations. The launch matters as a test of demand for tokenized private credit tied to Middle East SME lending, and the next thing to watch is whether the vault reaches its $100 million target.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Laser Digital, zEMS Vault, ZIG Finance, Nomura Holdings, BNB Chain (BNB), Beehive, KAIO
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