According to CoinMeta, Nomura’s digital assets subsidiaries Laser Digital and Zig Finance have collaborated to launch ZEMS Vault in BNB Chain, with the goal of raising $100 million to provide investment opportunities for qualified institutional investors in Saudi SME loans. Investors can use stablecoins to subscribe for and redeem these tokens, and identity verification is required for both processes. The loans are disbursed through the lending infrastructure provided by Beehive, while Kaio is responsible for the tokenization and management of the treasury. Laser Digital serves as a risk framework advisor and provides consulting services on tokenization. Both parties plan to expand this model to other emerging markets and credit strategies.