Overview

• Laser Digital secured Dubai’s first pilot license to offer regulated OTC crypto derivatives under VARA’s framework.
• The firm has begun trading medium-term vanilla Bitcoin options executed via standard ISDA contracts for institutional clients.
• Operating under the pilot regime grants Laser Digital a clear path toward a full Virtual Asset Service Provider license.
• Nomura’s digital asset arm intends to broaden its offering with yield-enhancement products, lending services and wider spot-market access.
• Dubai’s evolving regulatory environment is attracting global players including Deribit to establish regulated crypto operations.