Laser Digital Secures First Regulated Crypto Derivatives License in Dubai

Dubai's VIRTUAL Assets Regulatory Authority (VARA) has granted Laser Digital, Nomura's crypto subsidiary, the first license to offer regulated over-the-counter crypto derivatives to institutional clients. The approval marks a strategic leap in Dubai's bid to become a global digital asset hub.

Laser Digital will operate under the ISDA framework, providing vanilla options tied to crypto assets. These medium-term derivatives are designed to offer institutional investors controlled exposure to digital markets while mitigating risks associated with complex products.

The license was issued through VARA's pilot regime, which requires rigorous business justification. Johannes Woolard, Laser Digital's Chief Product Officer, highlighted Dubai's evolving regulatory appeal for crypto enterprises seeking compliant market access.