Nomura unit joins tokenized Saudi SME loan investment project

Laser Digital, the digital-asset subsidiary of Japan’s Nomura Group, is joining a tokenized investment product project tied to Saudi Arabian small and medium-sized enterprise loans, The Block reported. Partner firm ZIG Finance plans to launch "zEMS Vault," an on-chain investment product on BNB Chain, with a goal of raising $100 million. The product will use Saudi SME loans handled through Beehive’s lending infrastructure as the underlying assets, and qualified institutional investors will be able to subscribe or redeem using stablecoins. Laser Digital is set to provide risk management framework design and token-related advisory services.