- Laser Digital secures Dubai license to offer regulated crypto derivatives.
- VARA’s approval marks a milestone for institutional crypto services in Dubai.
- Laser Digital plans to expand crypto offerings following regulatory approval.
Laser Digital, the digital asset subsidiary of Japanese banking giant Nomura, has secured a significant milestone by becoming the first company in Dubai to be granted a license to offer over-the-counter (OTC) crypto options to institutional clients.
Through Dubai’s Virtual Asset Regulatory Authority (VARA) pilot regime, the license enables Laser Digital to offer regulated crypto derivatives, marking a significant step in the development of the region’s digital asset space.
The license enables Laser Digital to offer legally binding contracts linked to crypto derivatives, with all options executed under the globally recognized International Swaps and Derivatives Association (ISDA) standards.
This ensures that all transactions are performed following the best practices in risk clarity, which are traditionally found in the financial services industry.
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Laser Digital will initially focus on simple medium-term vanilla options based on large cryptocurrencies, such as Bitcoin. The company will focus on simple products to gain trust and ensure compliance with regulations.
The company intends to roll out services such as lending, spot crypto services, and structured yield products in phases, and each new service is subject to regulatory approval.
Dubai Strengthens Its Position as a Global Crypto Hub
Laser Digital’s license is a key development in Dubai’s mission to attract institutional capital and establish itself as a leading hub for regulated digital assets. The VARA licensing system is designed to grant crypto firms legal certainty and international recognition in the region.
The entry of Laser Digital into the space speaks to the growing institutionalization of crypto products, where banks and custodians become relevant to higher volumes of institutional capital.
Laser Digital has a presence in Dubai, London, and Tokyo, and its entry into Dubai suggests the firm’s expansion in driving compliant crypto services to institutional investors who have increased demand, especially in the Middle East.
This regulatory approval strengthens Dubai’s role in shaping the future of digital asset markets on a global scale.
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