Damanat’s $100M Tokenized Fund for GCC SMEs | Dubai News

Damanat just launched a $100 million tokenized private credit fund targeting the underserved SME market in the GCC, where these vital businesses get less than 10% of bank loans despite driving half the region’s GDP. Backed by Dubai’s DFSA and built on ZIGChain blockchain, the fund offers digital ownership without altering its core strategy—bridging a critical financing gap while aligning with Vision 2030. This is just the first step in Damanat’s broader vision: building a global marketplace for digital Islamic assets, as demand surges toward $10 trillion by 2029—with more private credit, receivables, and real estate projects already in the pipeline. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/472751d66a8b1995