Nomura’s Laser Digital Wins First VARA License for Crypto Derivatives in Dubai
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In a milestone for crypto regulation and institutional trading, Laser Digital, the crypto subsidiary of Japanese banking giant Nomura, has secured the first regulatory approval from Dubai’s Virtual Asset Regulatory Authority (VARA) to offer over-the-counter (OTC) crypto derivatives.
First-of-Its-Kind License in Dubai’s Crypto-Friendly Regime
Laser Digital is the first company licensed under VARA’s pilot framework to provide direct, client-facing crypto options. The firm plans to focus on medium-dated options on major cryptocurrencies, with trades governed by ISDA agreements, ensuring institutional-grade risk management.
“Dubai does a good job — they require detailed planning, but give freedom once approved,” said Johannes Woolard, Head of Product at Laser Digital.
Dubai has emerged as a key destination for crypto innovation, thanks to its progressive regulatory approach. This is attracting top global players — including Deribit, recently acquired by Coinbase, which also has Dubai expansion plans.
VARA’s structured but flexible framework encourages innovation while maintaining regulatory oversight — a rare balance in today’s global crypto landscape.
What’s Next for Laser Digital?
Initially, the company will offer simple vanilla options, focusing on building a reliable and transparent OTC options ecosystem. Over time, Laser Digital aims to integrate:
Yield-enhancement products
Borrow/lending solutions
Spot trading services
All of this will be layered over its core derivatives business.
Institutional Crypto Adoption Continues to Grow
Laser Digital’s regulatory approval reflects growing institutional interest in crypto derivatives, especially in jurisdictions with clear rules. This move could pave the way for more traditional financial institutions to enter the digital asset space via secure and compliant channels.
With Laser Digital leading the charge in Dubai, the race for regulated crypto derivatives has officially begun — and institutional adoption just got a major boost.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.
