What happened
Zamanat said Wednesday it has sponsored Zamanat Fund CEIC Limited, a private credit fund domiciled in the Dubai International Financial Centre, with a target size of up to $100 million. The fund is tokenized on ZIGChain and, according to the company, is its first live proof point for regulated fund tokenization in the region. The announcement was distributed as a press release out of Dubai and picked up by CryptoPotato.
The stated mandate is GCC private credit, with a direct line drawn to the roughly $250 billion small and mid-sized enterprise financing gap across the Gulf. No first-close figure or anchor investors were disclosed in the release.
Why it matters
Tokenized private credit has been the loudest real-world-asset narrative of the cycle, but most of the launches so far have been Cayman or Delaware wrappers pointed at US or European borrowers. A DIFC-domiciled fund pointed at GCC SMEs is a different animal. DIFC operates under an independent common-law framework and its financial regulator, the DFSA, is the reference point institutional allocators in the region actually read.
Placing a tokenized vehicle inside that perimeter, rather than offshore, is the part that matters. It signals that a Gulf sponsor is trying to reach local family offices and treasuries on their own regulatory turf, not asking them to underwrite an offshore structure. The choice of ZIGChain, a chain that has been marketing itself toward wealth-management use cases, gives that chain a live regulated fund to point at rather than a whitepaper.