UAE-based Aditum Investment Management has announced plans to raise up to $50m (£37.8m) to back Indian fintech Wizz Financial's gold-backed private credit strategy.
The programme gives institutional investors access to short-duration, asset-backed private credit products regulated by the Reserve Bank of India, and distributed through financial institutions in the UAE.
Initially offered via UAE banks, the strategy is anchored in India's $80bn gold-loan ecosystem and is fully secured against gold collateral.