Laser Digital, Nomura’s digital asset subsidiary, has secured an operational licence from Dubai’s Virtual Asset Regulatory Authority (VARA), completing the licencing process. In the emirate, the firm may now provide virtual asset broker-dealer services, as well as VA management and investing services. Dubai launched a licensing program early this year, with businesses such as Crypto.com and OKX nearing completion. In the following months, Laser Digital intends to begin its trading and asset management business, including over-the-counter trading services and digital asset investment solutions.