Laser Digital, backed by the Japanese financial group Nomura, has become the first entity to obtain a limited license for offering crypto options in Dubai.
VARA License for Laser Digital
Laser Digital received the license through Dubai’s Virtual Assets Regulatory Authority (VARA) pilot program, enabling the company to offer crypto options to clients.
Company's Planned Services and Strategy
The firm will start by offering medium-term vanilla options on core crypto assets, executed via standard ISDA contracts. In the future, Laser plans to expand to yield-enhancing products and lending services.
Impact of the License on Dubai's Crypto Market
With this licensing, Nomura strengthens its crypto ambitions, joining a rapidly developing regulatory environment for digital assets in Dubai, making the city a preferred base for institutional players.
The acquisition of the VARA license marks a significant milestone for Laser Digital and highlights Dubai's modern regulation for cryptocurrency companies.
