# Nomura's Laser Digital Advises ZIG Finance's $100 Million Saudi SME Credit Vault

> ZIG Finance and Laser Digital launched the zEMS Vault, an onchain Saudi SME credit vehicle targeting a $100 million raise on BNB Chain.

- Published: 2026-11-11T13:55:37+00:00
- Section: Product Launches
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-11/laser-digital-saudi-sme-credit-vault
- Source: [The Block](https://www.theblock.co/news/markets/2026-11-11-nomuras-laser-digital-helps-launch-saudi-sme-credit-vault-targeting-100-million-on-bnb-chain-437824)

## Key takeaways

- ZIG Finance and Laser Digital launched the zEMS Vault, targeting a $100 million raise on BNB Chain.
- The vault gives eligible institutional investors exposure to Saudi SME loans originated through Beehive.
- KAIO handles tokenization and administration, while Zamanat structures the investment and provides Sharia advisory.

ZIG Finance and Nomura's Laser Digital launched the zEMS Vault, an onchain Saudi small and medium-sized enterprise credit vehicle targeting a $100 million raise on BNB Chain. [The Block](https://www.theblock.co/news/markets/2026-11-11-nomuras-laser-digital-helps-launch-saudi-sme-credit-vault-targeting-100-million-on-bnb-chain-437824) reported the launch on November 11, 2026.

## How the zEMS Vault Works

The vault gives eligible institutional investors exposure to a diversified pool of Saudi SME loans originated through Beehive's lending infrastructure, according to a statement shared with The Block. Investors can subscribe to and redeem positions in stablecoins.

[KAIO](https://akta.pro/company-profiles/0000ap6/kaio) handles tokenization and administration of the vault throughout its lifecycle on BNB Chain. The platform enforces KYC checks at both entry and redemption, while [Zamanat](https://akta.pro/company-profiles/005o8tb/zamanat) structures the investment and provides Sharia advisory.

[Laser Digital](https://akta.pro/company-profiles/00002bb/laser-digital) serves as the vault's risk framework advisor, helping design its risk governance structure and providing tokenization advisory, ZIG Finance said.

"The aim isn't to remove credit risk. It's to make that risk transparent and manageable," ZIG Finance co-founder Abdul Rafay Gadit said. "We see this vault as a way to open a deeper pool of institutional capital to Saudi private credit, with the potential to build on that model across other emerging markets."

The zEMS Vault is the first product under the strategic partnership between ZIG Finance and Laser Digital. The companies intend to apply the same structure to other emerging markets and credit strategies, pairing local lenders with institutional risk governance, compliant tokenization, and onchain distribution. Further opportunities across the region and other asset classes are already under consideration, the statement said.

## Laser Digital's Tokenized Fund Record

Laser Digital's institutional investment product business includes a tokenized Bitcoin Diversified Yield Fund launched in January through KAIO, according to The Block. According to akta.pro [company records](https://akta.pro/company-data), Laser Digital upgraded the Bitcoin Diversified Yield Fund in May 2026 to become a natively tokenized Cayman Bitcoin yield fund, appointing NAV Fund Services as administrator for independent valuation and daily on-chain reporting.

The same records show Laser Digital received conditional approval from the U.S. Office of the Comptroller of the Currency in May 2026 for a national trust bank charter, enabling federally supervised custody and administration of tokenized, digital, and conventional assets, excluding deposit-taking and lending.

## Laser Digital's Fixed Income Partnerships

In September 2026, Laser Digital partnered with Keyring Network to develop institutional-grade fixed income products for DeFi, with initial markets launching on Euler Finance, Markets Media reported. Laser Digital acted as risk governor while Keyring handled access verification and liquidation design, according to CoinMarketCap.

In October 2026, Laser Digital partnered with Keyring Network to bring fixed income products onchain, Markets Media reported.

## Laser Digital's U.S. Trust Bank Conditions

The OCC's May 2026 conditional approval for Laser Digital's national trust bank is subject to pre-opening requirements, according to The Block. The proposed services include stablecoin intermediation, collateral management, and multi-asset custody.

## Companies in this story

- [Laser Digital company profile](https://akta.pro/company-profiles/00002bb/laser-digital) · website: https://www.laserdigital.com
- [Zamanat company profile](https://akta.pro/company-profiles/005o8tb/zamanat) · website: https://zamanathq.com
- [KAIO company profile](https://akta.pro/company-profiles/0000ap6/kaio) · website: https://www.kaio.xyz

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