Another
popular company from the finance world has decided to build its presence in the
United Arab Emirates (UAE), which is increasingly becoming a hub for
cryptocurrency.
Laser
Digital Middle East FZE, a digital asset subsidiary of Nomura operating out of
Dubai, announced today (Tuesday) its successful acquisition of a Virtual Asset
Service Provider (VASP) license from the emirate’s Virtual Asset Regulatory
Authority (VARA). This allows Laser Digital to extend its services in the UAE.
This
license approval enables Laser Digital to provide Virtual Asset (VA)
Broker-Dealer Services and VA Management and Investment Services, thereby
boosting its position in the digital asset sector. The company, under the
leadership of the CEO Jez Mohideen and the Head of Distribution Cameron Dickie,
is planning to launch its Trading and Asset Management businesses. The main
goal is to bring a suite of digital asset investment products and solutions to
institutional investors.
Founded
last year by Nomura, Laser Digital was the brainchild of Steven Ashley, the
former head of Nomura’s wholesale division, and Jez Mohideen, Nomura’s former
Chief Digital Officer and Co-Head of Global Markets EMEA. Laser Digital is headquartered
in Switzerland but operates from London and…
