ZIG Finance launches Saudi SME credit treasury, targeting $100 million in fundraising

ZIG Finance, in partnership with Nomura’s digital asset subsidiary Laser Digital, launched the on-chain zEMS Vault targeting $100 million to fund Saudi SME private credit through Beehive’s lending infrastructure. Qualified institutional investors can subscribe and redeem using stablecoins, with KAIO handling tokenization and vault management on BNB Chain and Zamanat structuring the investment and providing Shariah advisory. Laser Digital will advise on the risk governance framework and tokenization. The product matters as a test of tokenized private credit in emerging markets, with the partners planning to extend the model to other markets and credit strategies.