Laser Digital Limited, the cryptocurrency division of Nomura, has obtained a broker license in Abu Dhabi, attracted by the region’s crypto-friendly regulations.
Expanding into Abu Dhabi
Laser Digital Limited chose Abu Dhabi for its expansion due to the region’s supportive regulatory environment for cryptocurrency innovation. This strategic move allows the firm to leverage the favorable conditions for growth and development in the digital asset sector.
Regulatory Approval
The Financial Services Regulatory Authority of Abu Dhabi has granted Laser Digital a Financial Services Permission (FSP) license, completing its full licensing process with the Abu Dhabi Global Market (ADGM). This new license enables Laser Digital to offer broker-dealer, asset management, and fund management services for both digital and traditional assets within the region.
A Significant Milestone
Jez Mohideen, CEO of Laser Digital, highlighted the importance of this achievement:
“We are eager to contribute responsibly to the virtual asset industry in the UAE. We have always been committed to upholding the highest standards of compliance and regulations at ADGM, and we look forward to contributing to ADGM’s ecosystem.”
Summary Review: The approval of the broker license marks a significant step for Laser Digital in establishing a strong presence in Abu Dhabi, underscoring the company’s dedication to responsible growth and regulatory compliance in the digital asset industry. This development reflects the broader trend of increasing integration of digital assets within traditional financial frameworks, fostering innovation and expanding opportunities in the global financial landscape.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
