Nomura’s Digital-Asset Subsidiary Gets Full Dubai Crypto License

Dubai awarded a full crypto license to a subsidiary of Nomura Holdings Inc., one of the first such permits awarded by the emirate since it overhauled its regulatory regime for digital assets.

Laser Digital Middle East FZE, the Dubai-based digital-asset subsidiary of Nomura, will be able to offer virtual asset broker-dealer and investment management services locally, Laser Digital said on Tuesday. Laser plans to launch over-the-counter trading services and digital-asset investment products for institutional investors in coming months, it said.

The approval “will allow us to innovate in the asset class and come up with products that suit the ...