The firm received a limited license through the city’s Virtual Asset Regulatory Authority (VARA) pilot program, becoming the first entity authorized to deliver client-facing crypto options under the framework.
As crypto derivatives gain traction worldwide, Dubai is becoming a preferred base for institutional players thanks to its structured, crypto-forward regulations. Platforms like Deribit are also eyeing the region for expansion.
Johannes Woolard, Chief Product Officer at Laser Digital, credited Dubai’s regulatory approach for attracting top firms. “They make you justify your plans in detail, but once you do, they offer room to operate,” he said.
The firm will begin by offering medium-term vanilla options on top crypto assets, executed via standard ISDA contracts. While the early strategy emphasizes simplicity, Laser plans to expand into yield-enhancing products, lending services, and broader spot market integration over time.
With this move, Nomura strengthens its crypto ambitions while aligning with one of the fastest-growing regulatory environments for digital assets.
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