According to ChainCatcher, citing CoinDesk, Laser Digital, the digital assets division of Japanese financial giant Nomura Holdings, has 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 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 Apex Group, a crypto-friendly fund services provider, focusing on on-chain asset management and private credit infrastructure development.
Nomura's Laser Digital Makes Strategic Investment in UAE-Based ZIGChain
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Summary
Laser Digital, Nomura’s digital assets division, has made a strategic investment in ZIGChain, a UAE-based Layer 1 blockchain project. The investment aims to support the growth of the on-chain private credit market in the Gulf, including Sharia-compliant products. The investment is reported to be in the high seven figures, though no official amount has been disclosed. ZIGChain has previously partnered with Standard Chartered and Apex Group to develop on-chain asset management and private credit infrastructure.
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