Nomura’s Laser Digital Secures First Dubai OTC Crypto Options License

Dubai's VIRTUAL Assets Regulatory Authority (VARA) has granted Nomura-backed Laser Digital the first regulated over-the-counter crypto options license under its pilot framework. The approval marks a significant milestone in Dubai's digital asset sector, enabling Laser Digital to offer client-facing crypto OTC options services.

The license positions the Japanese bank's subsidiary at the forefront of regulated crypto derivatives in the emirate. Laser Digital will focus its derivatives operations on major crypto tokens through medium-dated options executed under ISDA agreements, with an emphasis on vanilla products.

"This establishes a new benchmark for institutional participation in Dubai's crypto markets," said Johannes Woolard, Laser Digital's head of product. The MOVE comes as global financial institutions increasingly seek regulated entry points into digital asset derivatives.