Today Laser Digital (AD) confirmed it had completed its licensing process with the Abu Dhabi Global Market (ADGM). The company is a subsidiary of Nomura, Japan’s largest securities firm. Last September it announced it had received in-principle approval to act as a broker-dealer and asset/fund manager for cryptocurrencies and traditional assets. This approval is now final.
It also has a license from the Virtual Asset Regulatory Authority (VARA) in Dubai, another emirate within the United Arab Emirates (UAE). Additionally, Laser has offices in London and headquarters in Switzerland.
Laser Digital has a three-pronged strategy of targeting venture investment, asset management and digital asset trading, with the latter yet to go live. This license clearly helps.
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