Key Takeaways:
- Laser Digital, Nomura’s crypto arm, gained Dubai VARA approval to launch the first regulated OTC crypto options desk for institutional clients.
- Dubai strengthens its lead in crypto derivatives regulation, outpacing regions like the EU and US in specific licensing frameworks.
- The UAE aims to expand its digital derivatives market, currently valued at $167 million, by leveraging proactive regulations and institutional demand.
Nomura’s digital asset arm, Laser Digital, has secured a limited license from Dubai’s Virtual Asset Regulatory Authority (VARA) to launch the first regulated over-the-counter (OTC) crypto options desk under the authority’s pilot framework.
The service targets institutional clients, offering tailored tools for hedging, yield generation, and volatility management.
We are excited to share that Laser Digital has become the first entity to secure an OTC options license from @varadubai, marking a new era for institutional crypto derivative trading in Dubai.
— Laser Digital (@LaserDigital_) August 6, 2025
Under the leadership of @Jez_Laser, Laser Digital is poised to deliver secure,…
OTC desks enable large-volume crypto trading with reduced slippage and flexible pricing, making them essential for hedge funds and trading firms.
This regulatory green light places Dubai among the frontrunners in formalizing the OTC crypto derivatives space, alongside the UK.
In contrast, major jurisdictions like the US and EU still lack dedicated licensing for OTC crypto options, relying on broader financial regulations.
Dubai’s clear crypto rules, established in early 2023, encompass exchanges, custodians, and broker-dealers.
The UAE, though smaller than the US in derivatives volume, is expanding its digital asset footprint.
With existing players like DGCX and ADSS, the country is now embracing crypto derivatives to attract institutional capital.
Laser Digital’s launch reflects Dubai’s growing appeal as a regulated hub for innovative financial products.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
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