On November 11, 2026, ChainCatcher reported, citing The Block, that Nomura’s digital-asset subsidiary Laser Digital had partnered with ZIG Finance to launch an on-chain investment product, the zEMS Vault. The stated fundraising target is $100 million. The vault is meant to give eligible institutional investors exposure to a portfolio of loans to small and medium-sized enterprises in Saudi Arabia.
Those loans are issued through Beehive’s lending infrastructure. The vault is deployed on BNB Chain. Investors can subscribe and redeem using stablecoins.
Roles are split across several firms. KAIO handles tokenization and management through the vault’s full lifecycle, and the platform runs KYC checks at both subscription and redemption. Zamanat designs the investment structure and provides Shariah-compliance advice. Laser Digital acts as adviser on the risk framework.
The report describes the zEMS Vault as the first product under the strategic cooperation between ZIG Finance and Laser Digital. The two sides plan to extend the model to other emerging markets and other credit strategies. No amount raised, loan terms, or expansion timetable is given in the report.
Original article: ChainCatcher
