- Laser Digital obtained Dubai’s first regulated OTC crypto options license under VARA.
- The license allows ISDA-compliant derivatives for institutions, starting with Bitcoin options.
- The approval supports Dubai’s push for regulated institutional crypto finance.
Laser Digital, the digital asset subsidiary of Japanese banking giant Nomura, has secured the first-ever license to offer over-the-counter (OTC) crypto options to institutional clients in Dubai.
Issued under the pilot regime of Dubai’s Virtual Asset Regulatory Authority (VARA), the license makes Laser Digital the first firm in the city authorized to provide regulated OTC crypto derivatives. The company confirmed its operations will comply with the globally recognized International Swaps and Derivatives Association (ISDA) standards.
What This License Means for Institutions
This license enables Laser Digital to serve institutional clients with crypto derivatives that are tied to clear, legally enforceable contracts. According to the company, all options will be executed under ISDA agreements, which are the standard for ensuring risk clarity in traditional finance.
The company’s product structure focuses on medium-term vanilla options rather than complex derivatives. These instruments are designed to offer exposure to crypto prices with fixed terms. Johannes Woolard, Chief Product Officer at Laser Digital, said the firm is beginning with simple instruments to build trust and ensure compliance.
Related: UK’s FCA to End Retail Ban on Crypto ETNs Beginning October 8
“Back-to-Basics” Approach With Bitcoin
Laser Digital stated it will begin by offering options on major cryptocurrencies like Bitcoin. The company plans to gradually expand its range of services after establishing its regulated presence in the emirate.
In the future, it expects to add lending, spot crypto services, and structured yield products, all subject to regulatory review.
Dubai’s Push to Become a Regulated Crypto Hub
The approval aligns with Dubai’s broader push to attract institutional capital through a regulated crypto framework. VARA’s licensing regime aims to give companies legal clarity and international recognition. Laser Digital’s entry into this space supports the UAE’s strategy of building a hub for digital assets without compromising on oversight.
Laser Digital, which is part of Nomura’s digital asset division, operates out of Dubai, London, and Tokyo. This regulatory approval in Dubai positions the firm to serve the growing regional demand from institutional investors for compliant crypto products.
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