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Nomura’s Laser Digital will offer cryptocurrency trading and wealth management in Abu Dhabi
Laser Digital, a digital assets division of global financial services group Nomura, has received a Financial Services Authorization (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). The approval marks the completion of Laser Digital’s licensing process with ADGM.
The FSP enables Laser Digital to provide broker-dealer and asset management services for both virtual assets and traditional assets within ADGM, Abu Dhabi’s international financial center and free zone. The company’s UAE entity is led by CEO Jez Mohideen, with Ramin Shayesteh as head of distribution.
“We are eager to contribute responsibly to the virtual asset sector in the UAE,” Mohideen said in a statement. “We are always committed to maintaining the highest standards compliance and regulations at ADGM and we look forward to contributing to the ADGM ecosystem.”
Laser Digital, backed by Japanese financial services giant Nomura, was founded in the second half of 2022 in Switzerland, known for its pro-cryptocurrency regulations. In the following years, however, the company has taken steps to acquire licenses in other regions of the world, including the Middle East.
With ADGM approval, Laser Digital joins a growing list of digital asset companies, establishing a presence in Abu Dhabi as the UAE continues to position itself as a center for the industry.
“We are pleased to welcome Laser Digital as we expand our financial community to include partners like Laser, whose offerings are aligned with ADGM and international best practices and FSRA’s progressive regulatory ecosystem,” commented Arvind Ramamurthy, responsible for market development at ADGM. , welcoming Laser Digital to the growing financial center community.
Laser Digital is currently among three companies aiming to introduce a new cryptocurrency product in Japan, namely “Stablecoin-as-a-Service”, and are collaborating working on issuing JPY and USD stablecoins in Japan.
Meanwhile, Nomura’s crypto subsidiary has strengthened its leadership nominating Hideaki Kudo as representative director and head of the new Laser office in Tokyo.
Laser Digital, a digital assets division of global financial services group Nomura, has received a Financial Services Authorization (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). The approval marks the completion of Laser Digital’s licensing process with ADGM.
The FSP enables Laser Digital to provide broker-dealer and asset management services for both virtual assets and traditional assets within ADGM, Abu Dhabi’s international financial center and free zone. The company’s UAE entity is led by CEO Jez Mohideen, with Ramin Shayesteh as head of distribution.
“We are eager to contribute responsibly to the virtual asset sector in the UAE,” Mohideen said in a statement. “We are always committed to maintaining the highest standards compliance and regulations at ADGM and we look forward to contributing to the ADGM ecosystem.”
Laser Digital, backed by Japanese financial services giant Nomura, was founded in the second half of 2022 in Switzerland, known for its pro-cryptocurrency regulations. In the following years, however, the company has taken steps to acquire licenses in other regions of the world, including the Middle East.
With ADGM approval, Laser Digital joins a growing list of digital asset companies, establishing a presence in Abu Dhabi as the UAE continues to position itself as a center for the industry.
“We are pleased to welcome Laser Digital as we expand our financial community to include partners like Laser, whose offerings are aligned with ADGM and international best practices and FSRA’s progressive regulatory ecosystem,” commented Arvind Ramamurthy, responsible for market development at ADGM. , welcoming Laser Digital to the growing financial center community.
Laser Digital is currently among three companies aiming to introduce a new cryptocurrency product in Japan, namely “Stablecoin-as-a-Service”, and are collaborating working on issuing JPY and USD stablecoins in Japan.
Meanwhile, Nomura’s crypto subsidiary has strengthened its leadership nominating Hideaki Kudo as representative director and head of the new Laser office in Tokyo.