Digital laser, the digital asset subsidiary of the Japanese investment bank, Nomura, has become the first company under license as part of the Pilots of the Virtual Asset Reguulatory Authority (VARA) to offer Crypto-Enjolit (OTC) options (OTC).
The “limited license” will allow digital laser to offer on -the -counter crypto options to institutional customers under strict surveillance, the company announced on Wednesday.
Over -the -counter offices allow institutions to exchange large volumes of digital assets directly with counterparties, minimize the shift and allow more flexible prices. These offices are generally used by hedge funds, asset managers, commercial companies and other high volume and institutional customers.
This decision positions digital laser to capitalize on Dubai’s request for regulated cryptography derivatives. The company plans to offer coverage, element production and volatility management tools while regulators assess market preparation and risk controls before broader expansion.
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The global regulation of over -the -counter crypto options is still in the early stages
A small but growing number of jurisdictions are starting to regulate the free-free crypto options, with Dubai and the United Kingdom opening the way.
In December 2023, the investment branch of the retirement giant based in the United Kingdom, M&G, invested $ 20 million in GFO-X, the first exchange of regulated Bitcoin derivatives in the country.
Funding was part of a series of $ 30 million in series aimed at launching a platform regulated by a financial authority (FCA) and recorded for future and the Bitcoin index options.
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Through the EU, cryptographic derivatives are broader financial regulations such as Mifid II and Emir, which impose declaration and compensation requirements. However, most Member States have not yet introduced the OTC license specific to crypto.
In the United States, the CFTC allows an institutional exchange of cryptographic derivatives under existing laws, but there is no dedicated license frame for free crypto options.
Dubai, on the other hand, deployed its complete regulatory framework of cryptography at the beginning of 2023, with rules covering exchanges, guards, brokers and token transmitters by virtue of Vara.
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Water develops derived ambitions with digital assets
The united Arab Emirate Derivatives market remains low compared to the United States, but recent developments indicate regular growth and diversification. The market was estimated at around $ 167 million in 2024, with a planned annual growth rate from 3.7% to 2031.
Traditional platforms such as the Dubai Gold & Commodities Exchange (DGCX) and free sales suppliers such as ADS have long served the basic products of the region and the FX markets. But water now expands its scope to include digital assets and institutional financial products.
While the United States still dominates global derivatives through exchanges like CME and CBOE, water translates into a niche by offering clear regulation for emerging asset classes such as crypto.
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