Laser Digital, the subsidiary of Japanese banking giant Nomura, has reached a significant milestone by becoming the first company to receive a license in Dubai for offering crypto derivatives to institutional clients.
Laser Digital License
The license granted by the Dubai Virtual Asset Regulatory Authority (VARA) allows Laser Digital to offer regulated crypto derivatives. This marks an important step in the development of the region's digital economy. The license enables the company to offer legally binding contracts related to crypto derivatives in line with the standards set by the International Swaps and Derivatives Association (ISDA).
Development of Crypto Services in Dubai
The Laser Digital license represents a key moment in Dubai's efforts to attract institutional investments and establish itself as a leading regulatory hub for digital assets. The VARA licensing system is designed to provide legal certainty and international recognition for crypto firms in the region.
Company Prospects
Initially, Laser Digital intends to focus on simple medium-term options linked to major cryptocurrencies like Bitcoin. The company plans to gradually expand its services, including lending and structured yield products, with each new service subject to regulatory approval.
The strategic license obtained by Laser Digital strengthens Dubai's position as an important center for digital assets and opens new opportunities for institutional clients in the region.
