based on materials from the website - By 36crypto
Laser Digital, a subsidiary of the Japanese banking giant Nomura, which is engaged in digital assets, has reached an important milestone by becoming the first company in Dubai to receive a license for offering over-the-counter (OTC) crypto options to institutional clients.
Thanks to the pilot regime of the Dubai Virtual Assets Regulatory Authority (VARA), the license allows Laser Digital to offer regulated crypto derivatives, marking an important step in the development of the digital asset market in the region.
The license allows Laser Digital to offer legally binding contracts related to crypto derivatives, with all options executed in accordance with the internationally recognized standards of the International Swaps and Derivatives Association (ISDA).
This ensures that all transactions will be conducted in line with best practices in risk transparency, traditionally applied in the financial services sector.
Laser Digital will initially focus on simple medium-term vanilla options on major cryptocurrencies such as Bitcoin. The company will concentrate on straightforward products to build trust and ensure regulatory compliance.
The company plans to gradually introduce services such as lending, spot crypto services, and structured yield products. Each new service is subject to regulatory approval.
The Laser Digital license is a key step in Dubai's mission to attract institutional capital and establish itself as a leading hub for regulated digital assets. The VARA licensing system aims to provide crypto companies with legal certainty and international recognition in the region.
Laser Digital's entry into the market signifies the growing institutionalization of crypto products, where banks and custodians become significant players for large volumes of institutional capital.
Laser Digital is present in Dubai, London, and Tokyo, and its entry into the Dubai market reflects the company's expansion in providing compliant crypto services to institutional investors, with demand increasing, especially in the Middle East.
Obtaining this approval from regulators strengthens Dubai's role in shaping the future of digital asset markets on a global scale.
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