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The Dubai Virtual Assets Regulatory Authority (VARA) has issued its first-ever crypto asset options license to Laser Digital, a subsidiary of Japan’s financial giant Nomura Holdings, the regulator announced on August 6.
Granted under VARA’s pilot framework, the license allows Laser Digital to offer over-the-counter (OTC) crypto derivatives to institutional investors, starting with Bitcoin (BTC) options.
The move is part of Dubai’s broader push to position itself as a leading global digital asset hub by balancing investor protection with innovation through regulated financial products that offer hedging and risk management solutions.
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.
Under the leadership of @Jez_Laser, Laser Digital is poised to deliver secure,…
— Laser Digital (@LaserDigital_) August 6, 2025
Opening the Door to Institutional Investors
Established in March 2022, VARA oversees virtual asset activities in the Emirate of Dubai. With the new license, regulated firms like Laser Digital can meet institutional demand for price exposure without requiring direct asset ownership.
Laser Digital plans to begin with Bitcoin options before expanding into other derivatives, spot trading, and lending services, subject to regulatory approval and market demand.
Dubai is building its regulatory framework strategically to compete with other financial centers such as Singapore and Switzerland. Compliance with International Swaps and Derivatives Association (ISDA) standards will help clarify contractual obligations and reduce counterparty risk — aligning crypto derivatives with traditional financial practices and creating a more welcoming environment for institutions.
VARA’s forward-looking licensing approach could set a global precedent for crypto regulation, boosting market liquidity and further enhancing Dubai’s attractiveness as a financial hub. The performance of Bitcoin ETFs — a hot topic for institutional investors — is also expected to influence future market growth.
