Capital markets News

Nomura’s Laser Digital finalizes Abu Dhabi digital asset license

laser digital abu dhabi

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.

It also recently launched a stablecoin initiative with parent Nomura and GMO Internet, whose subsidiary already has both yen and dollar stablecoins. Together they plan to launch a stablecoin-as-a-service solution.

One of its most interesting initiatives is Libre, the fund tokenization protocol, which spans Laser’s asset management and venture investment side.

On the surface, Laser has been most active on the venture funding side. During May alone we’re aware of at least four investments, including KELP DAO, MANTRA Chain and gaming protocols Tevaera and ARPA Network.

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