Zamanat Launches $100 Million Tokenized Private Credit Fund for GCC SMEs

Dubai-based Zamanat has launched its first live proof point for regulated fund tokenization on ZIGChain, a DIFC-domiciled tokenized private credit fund called Zamanat Fund CEIC Limited.

The $100 million fund targets the estimated $250 billion SME financing gap in the GCC region, where only 11 percent of small businesses have access to credit.

Zamanat's CEO Umair Tariq said, 'Strong businesses across the GCC still struggle to access growth capital despite sound fundamentals. Zamanat sponsored the Fund to create a credible route between those businesses and institutional capital.'