Nomura’s Laser Digital Cleared For Crypto Derivatives In Dubai

Laser Digital, the crypto division of Japan’s Nomura Bank, has secured a limited license in Dubai to offer regulated over-the-counter crypto derivatives under the city’s Virtual Asset Regulatory Authority framework.

With this move, Laser Digital claims it is the first firm under VARA’s pilot regime to provide direct client-facing crypto options. The platform plans to focus on mid-dated options for major cryptocurrencies, executed under ISDA agreements, a standard in the global derivatives market.

Dubai’s crypto-friendly environment continues to attract international firms. Laser Digital’s Chief Product Officer, Johannes Woolard, praised VARA’s process, stating that although firms must provide in-depth plans, once approved, the regulator gives them considerable freedom.

Other firms, like Deribit—which was recently acquired by Coinbase—are also eyeing Dubai. Laser Digital’s regulatory milestone positions it at the forefront of the evolving crypto derivatives sector in the region, as global interest in structured digital asset products grows rapidly.

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