Zamanat Launches $100 Million Tokenized Private Credit Fund on ZIGChain
- Zamanat Fund CEIC Limited aims to address the GCC’s $250 billion SME financing gap.
- The fund is domiciled in DIFC and targets a size of up to USD $100 million.
- Only about 11 percent of SMEs in the GCC have access to credit, despite contributing significantly to GDP and employment.
- Interests are issued as ZM1 Investment Tokens on ZIGChain, within a DFSA-regulated framework for Professional Clients.
- The fund is managed by Truleum Venture Partners Limited and administered by Apex Group.
The launch of Zamanat Fund CEIC Limited marks a significant step in bridging the SME financing gap in the GCC region through regulated tokenization on ZIGChain. The fund targets institutional investors, offering an innovative way to invest in regional private credit while supporting economic growth initiatives like Saudi Arabia’s Vision 2030 and UAE Centennial 2071.
With a target size of up to USD $100 million, this initiative provides a digital structure for private credit investment, aiming to enhance SME participation and access to alternative financing channels across the GCC region. (Source)
