Key Takeaways
According to BlockchainReporter, Zamanat has launched a $100 million tokenized private credit fund to address the SME financing gap in the GCC region.
According to BlockchainReporter, Zamanat has announced the launch of an exclusive private credit fund named Zamanat Fund CEIC Limited, aiming to address the SME financing gap in the Gulf Cooperation Council region. Reported by BlockchainReporter, the development marks the initial live instance of the platform's compliant fund tokenization via ZIGChain, merging blockchain-based settlement and issuance with a regulated investment framework.
As reported by BlockchainReporter, the fund targets a size of up to USD 100 million and intends to connect institutional capital to established regional enterprises underserved by conventional banking methods. BlockchainReporter noted that the Dubai Financial Services Authority regulates the fund as a closed-ended Exempt Fund under credit funds. Zamanat CEO Umair Tariq stated that the investment interests will be issued as ZM1 Investment Tokens through ZIGChain within a whitelisted and regulated environment for Professional Clients, aligning with regional economic diversification endeavors such as Saudi Arabia's Vision 2030 and the UAE's Centennial 2071.
Source & Fact-Check Note
This report is synthesized from coverage by BlockchainReporter. Information has been fact-checked and structured for market clarity by CoinQuickly’s research desk.
Read original article at BlockchainReporter ↗
