Laser Digital, the digital assets unit of Nomura, has made a strategic investment in UAE-based Layer1 blockchain project ZIGChain, according to CoinDesk. The two sides plan to work together on bringing private credit in the Gulf region onchain, with a stated focus that also includes Sharia-compliant asset products. The investment amount was not disclosed by either party. Still, market chatter cited in the report said the deal was in the upper single-digit millions of dollars. ZIGChain also said it is already working with Standard Chartered and crypto-friendly fund services provider Apex Group as it builds infrastructure for onchain asset management and private credit.
Laser Digital, the digital asset arm of Japanese financial group Nomura, has announced a strategic investment in ZIGChain, a UAE-based Layer1 blockchain project, according to CoinDesk.
The two companies plan to work together on bringing private credit markets in the Gulf region onchain. Their cooperation will also cover Sharia-compliant asset products.
Neither side disclosed the size of the investment. Market talk cited in the report said the deal was in the upper single-digit millions of dollars.
ZIGChain is already working with Standard Chartered and Apex Group, a crypto-friendly fund services provider, with a focus on infrastructure for onchain asset management and private credit.
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