Laser Digital Obtains VARA License in Dubai to Launch Crypto Options OTC Services

According to reports, Laser Digital, a subsidiary of Nomura, has obtained a restricted license under the pilot framework of the Dubai Virtual Assets Regulatory Authority (VARA), becoming the first compliant institution to offer crypto options OTC services. The company will initially launch mid-term vanilla options for major cryptocurrencies such as Bitcoin, with trading conducted under ISDA agreements, and plans to expand its business to include yield products such as lending and spot trading in the future.