ME News reports that on August 5 (UTC+8), Laser Digital, the digital assets division of Japanese financial group Nomura, announced a strategic investment in ZIGChain, a Layer 1 blockchain project based in the UAE. The two parties will collaborate to advance the on-chain development of the private credit market in the Gulf Middle East region, including Sharia-compliant asset products. The specific investment amount was not disclosed, but market sources indicate the investment falls in the high single-digit millions of dollars. ZIGChain has already partnered with Standard Chartered and the crypto-friendly fund services provider Apex Group, focusing on on-chain asset management and private credit infrastructure development. (Source: ODAILY)
Nomura's Laser Digital invests in ZIGChain to develop Sharia-compliant on-chain credit assets in the Middle East.
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Summary
On-chain news broke on August 5 (UTC+8) as Japan’s Nomura Holdings’ Laser Digital made a strategic investment in UAE-based ZIGChain. The partnership aims to target on-chain private credit assets in the Middle East, including Sharia-compliant products. Digital asset news sources report the deal likely reached high seven figures, though no official amount was disclosed. ZIGChain has previously collaborated with Standard Chartered and Apex Group to develop on-chain asset management and private credit infrastructure.
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