Key Takeaways
- Laser Digital, affiliated with Nomura Holdings, receives an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA).
- As a subsidiary of Nomura Holdings, Laser Digital benefits from the backing of a leading global investment banking firm.
- Laser Digital plans to launch Trading and Asset Management businesses, offering innovative digital asset investment products to institutional clients in Dubai.
Laser Digital, a company affiliated with Nomura Holdings, has successfully obtained an operating license from Dubai’s Virtual Asset Regulatory Authority (VARA). This milestone achievement marks Laser Digital’s official entry into the institutional market in Dubai. Now it can provide a range of Virtual Asset (VA) Broker-Dealer Services and VA Management and Investment Services. With the support of Nomura, a renowned global investment banking firm, Laser Digital aims to revolutionize digital asset investment products and solutions in the region.
Background: Laser Digital and Nomura
Laser Digital is a pioneering player in the digital asset industry. It is focusing on innovative financial solutions in the blockchain and cryptocurrency space. As a subsidiary of Nomura Holdings, one of Japan’s largest financial institutions, Laser Digital benefits from Nomura’s extensive experience and expertise. This affiliation gives Laser Digital a competitive edge. This also allow it to offer cutting-edge services and solutions to institutional clients.
Objectives and Services in the Digital Asset Space
Laser Digital’s primary objective is to bridge the gap between traditional financial markets and the emerging digital asset landscape. The company aims to provide institutional investors with secure, transparent, and efficient access to the digital asset market. it plans to do so by leveraging blockchain technology and advanced financial instruments.
The services offered by Laser Digital include:
- Virtual Asset (VA) Broker-Dealer Services: Facilitating the buying and selling of digital assets on behalf of institutional clients, while ensuring compliance with regulatory requirements.
- VA Management and Investment Services: Assisting institutional investors in managing their digital asset portfolios, offering strategic guidance and tailored investment solutions.
Details of the Operating License Approval
Dubai’s Virtual Asset Regulatory Authority (VARA) has granted Laser Digital the necessary operating license to conduct its business activities in the region. This license empowers Laser Digital to offer Virtual Asset Broker-Dealer Services and VA Management and Investment Services to institutional clients in Dubai. With VARA’s approval, Laser Digital gains official recognition as a regulated and trustworthy entity in the digital asset space. All this is bolstering investor confidence and encouraging institutional participation. Notably Binance has also obtained MVP License in Dubai!
Future Plans Following License Approval
With the operating license in hand, Laser Digital is poised to execute its strategic plans for growth and expansion. The company is set to launch its Trading and Asset Management businesses. It aims to provide institutional clients with a comprehensive suite of digital asset investment products and solutions.
Laser Digital plans to offer a diverse range of digital asset investment products. This includes cryptocurrency funds, tokenized assets, and structured products tailored to meet the specific needs of its institutional clients. The company aims to deliver robust, innovative, and diversified investment opportunities in the digital asset space.
Nomura’s Support: Advantages of a Global Investment Banking Firm
As an affiliate of Nomura Holdings, Laser Digital enjoys the backing of a leading global investment banking firm. This support enhances the credibility and stability of Laser Digital in the eyes of institutional investors and regulators. Nomura’s extensive network and financial resources provide Laser Digital with a competitive advantage in navigating complex regulatory landscapes.
Source
https://www.nomuraholdings.com/news/nr/europe/20230801/20230801.pdf
