Nomura's Laser Digital Launches Saudi SME Credit Vault on BNB Chain Targeting $100 Million
(3 hours ago) · 1 source · Summarized by CryptoBipto
Laser Digital, the digital asset subsidiary of Japanese banking giant Nomura, has helped launch a credit vault on BNB Chain aimed at financing small and medium enterprises in Saudi Arabia. The vault reportedly targets $100 million in deployment and represents a notable instance of traditional finance infrastructure being used to channel real-world lending through blockchain technology.
WHY IT MATTERS
This story is an example of something called 'real-world asset tokenization,' which means taking traditional financial products — like loans to businesses — and managing them using blockchain technology.
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SOURCES
- theblock.co
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