Nomura’s Laser Digital Obtains In-Principle Approval for Operations in Abu Dhabi

The Abu Dhabi Global Market (ADGM) has provided in-principal approval to Laser Digital, the digital assets division of Japan’s Nomura Bank, allowing it to offer broker-dealer and asset/fund management services for both digital and traditional assets. This announcement was made on September 26.

Laser Digital will be eligible to obtain full Financial Services Permission once it meets certain conditions outlined in the current approval, although those conditions were not detailed in the announcement. Jez Mohideen, CEO of Laser Digital, commented on the significance of the ADGM’s approval.