Laser Digital, Nomura’s digital assets arm, has taken a stake in ZIGChain’s ZIG token and agreed to structure and oversee risk on a pipeline of onchain private credit products built by ZIG Markets, ZIGChain’s product and access layer. ZIG Markets has originated over $50 million to date with no defaults over the past ten months, according to co-founder Abdul Rafay Gadit. Both firms are targeting a minimum of $100 million in total value locked, including $25 million by September and $100 million by the end of November. The ZIG token rose 10% following the announcement to $0.0444, giving a market capitalization of $62.9 million, though the token is down 54% over the past year.
Source: Read the original article
