Nomura’s Laser Digital Scores UAE Nod to Launch Game-Changing Crypto Options OTC Desk

Wall Street meets the Wild West—Nomura's digital asset arm just got the keys to Dubai's crypto casino.

Laser Digital, the blockchain-focused subsidiary of Japanese banking giant Nomura, secured regulatory approval from the UAE to operate an over-the-counter (OTC) trading desk for cryptocurrency options. This marks a major institutional foothold in the region's booming digital assets market.

Why it matters: The move signals growing acceptance of crypto derivatives among traditional finance heavyweights—even as regulators elsewhere keep playing whack-a-mole with the sector.

The fine print: While Laser didn't disclose launch dates or trading volumes, insiders confirm the desk will cater to institutional clients seeking exposure to crypto options without the volatility of spot markets. Because nothing says 'risk management' like leveraged bets on imaginary internet money.

Bottom line: The UAE continues to roll out the red carpet for crypto firms fleeing hostile jurisdictions. Question is—when the music stops, who'll be left holding the bag?