Laser Digital Invests in ZIGChain for Private Credit
Nomura’s crypto arm is putting millions into a new project aiming to bring private credit onchain in the UAE.
coinbeat.newsLaser Digital, the digital asset division of Nomura, has officially backed ZIGChain. Reports indicate the investment sits in the high single digit millions. This move signals a growing interest from traditional financial giants in building infrastructure for private credit on the blockchain.
ZIGChain is focusing its efforts on the United Arab Emirates. The goal is to create a secure environment where private credit markets can operate onchain. By utilizing blockchain technology, the team hopes to increase transparency and efficiency for lenders and borrowers in the region.
This investment highlights how major firms are positioning themselves for the next wave of institutional adoption. Watch for ZIGChain to announce more partnerships as they build out their presence in the Middle East. Whether this model succeeds will depend on how quickly local regulators integrate these digital credit products into their existing frameworks.
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