Nomura’s Laser Digital Advises ZIG Finance on $100M Saudi SME Credit Vault on BNB Chain

The notable signal here is the advisory role, not the raise target: a unit of a major Japanese bank lending credibility to a tokenized private credit structure on a public chain suggests institutional comfort with blockchain-based SME lending is widening beyond the usual crypto-native issuers. Saudi SME credit is an unusual asset class for on-chain wrappers, and pairing it with BNB Chain rather than an institutional-focused network is a distinctive choice. With no timeline or terms disclosed, the open questions are whether the $100 million target materializes and how the credit exposure is structured and underwritten.