Laser Digital invests in ZIGChain
Laser Digital, the digital assets arm of Nomura Group, has made a strategic investment in UAE layer1 blockchain ZIGChain, with the amount reported as understood to be in the high single-digit millions. The partnership will deliver a comprehensive risk framework design and governance across a pipeline of institutional onchain vault products, and aims to streamline private credit markets across Gulf states, including Sharia-compliant offerings. ZIGChain works with Standard Chartered and Apex Group, and founders cite a shared Dubai-based vision following a meeting between Laser Digital CEO Jez Mohideen and ZIGChain co-founder Abdul Rafay Gadit.
Laser Digital invested to develop institutional onchain vault products.
Context
Laser Digital and ZIGChain met and agreed a shared vision in Dubai. They then formed a strategic partnership and investment. They may next develop onchain vault products for Gulf private credit markets.
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