Laser Digital Bets Big on Emerging-Market Private Credit with ZIGChain Partnership
Nomura's Laser Digital has taken a stake in ZIGChain's token and will structure and oversee risk on a pipeline of onchain private credit products built by ZIG Markets.
ZIG Markets, a product and access layer for the Layer 1 protocol, has originated over $50 million with no defaults so far. The company is targeting a minimum of $100 million in total value locked across the vault products, broken into $25 million by September and $100 million by the end of November.
The partnership puts a Nomura subsidiary in an underwriting seat for emerging-market private credit, a category that accounts for $7.12 billion of the $37.64 billion in tokenized real-world assets tracked by RWA.xyz.
Laser Digital's CEO Jez Mohideen said they have been watching this category and while the opportunity is real, execution risk has been consistently underestimated.