Originally reported by ChainCatcher on November 11, 2026, at 21:38 (UTC+8), citing The Block.
Laser Digital, Nomura’s digital-asset subsidiary, has partnered with ZIG Finance to launch zEMS Vault, an on-chain investment product targeting $100 million in fundraising. The vault is designed to give eligible institutional investors exposure to a portfolio of loans to Saudi small and medium-sized businesses. The loans are originated through Beehive’s lending infrastructure. The $100 million figure is a target, not a reported amount raised.
The vault is deployed on BNB Chain. Investors can subscribe and redeem using stablecoins, with KYC checks at both stages. KAIO handles tokenization and management throughout the vault’s lifecycle. Zamanat designs the investment structure and provides Sharia-compliance advice, while Laser Digital advises on the risk framework.
ZIG Finance and Laser Digital describe zEMS Vault as the first product under their strategic partnership. They plan to extend the model to other emerging markets and credit strategies; the report does not describe those plans as launched products.
