Laser Digital receives Financial Services Permission from ADGM’s Financial Services Regulatory Authority to provide services in both traditional and digital assets

Abu Dhabi, UAE 19 June 2024 Laser Digital (AD) Limited, is delighted to announce that the Financial Services Regulatory Authority of Abu Dhabi has approved the issuance of a Financial Services Permission (FSP), completing Laser Digital’s licencing process with Abu Dhabi Global Market (ADGM).

The licence grants Laser Digital the permission to provide broker-dealer services and asset/fund management services in and from ADGM, in relation to both virtual assets and traditional assets. Jez Mohideen leads Laser Digital’s UAE entity with Ramin Shayesteh as Head of Distribution.

Jez Mohideen, CEO of Laser Digital commented;

“Our team at Laser is delighted with this significant milestone, and we are eager to contribute responsibly to the virtual asset industry in the UAE. We have always been committed to upholding the highest standards of compliance and regulations at ADGM, and we look forward to contributing to ADGM’s ecosystem.”

Commenting on Laser’s licence approval, Arvind Ramamurthy, Chief of Market Development at ADGM said; “We’re delighted to welcome Laser Digital as we expand our financial community to include partners such as Laser, whose offerings align with ADGM and the FSRA’s international best practices and progressive regulatory ecosystem.”


Sophie Arnold

Head of Communications

About Laser Digital

Laser Digital is a digital asset business redefining the frontier of digital finance. Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, solutions, asset management and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible engagement in digital assets. With an open and dynamic culture, Laser Digital has the freedom to adapt to market needs, to move swiftly to capitalisation, and to share learnings with clients and partners – bringing greater confidence to the institutional market for the benefit of all. 

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About Abu Dhabi Global Market (ADGM)

Abu Dhabi Global Market (ADGM) is the international financial centre (IFC) of the capital city of the United Arab Emirates, which opened for business on 21st October 2015. ADGM augments Abu Dhabi’s position as a leading financial centre and a business hub serving as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

Operating within an international regulatory framework based on direct application of The English Common Law, ADGM governs the entire Al Maryah Island and Al Reem Island which is designated as the financial free zone of Abu Dhabi.

ADGM is ranked as one of the most preferred top IFCs in the Middle East and Africa region and named MENA’s largest Fintech hub. Its progressive and inclusive business ecosystem gravitates toward global financial and non-financial institutions while leveraging synergies between ADGM and multiple jurisdictions positioned as one of the world’s most advanced, diverse and progressively governed financial hubs.

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Marketing communication: This document may be considered as a marketing communication in certain jurisdictions – in all circumstances, this document is addressed exclusively to professional and institutional investors residing in eligible jurisdictions. This document is not a contractually binding document or an information document required by any legislative provision, and is not sufficient to take an investment decision.  

No offering: Nothing in this document amounts to, or should be construed as, an offer, placement, invitation or general solicitation to invest in any product or to buy or sell securities, digital assets, or to engage in any other related or unrelated transactions. This document was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. This document does not purport to contain all of the information that may be required to evaluate any potential transaction and should not be relied on in connection with any such potential transaction. Any future offers to invest in any product will be subject to the relevant offering documentation.  

Non-reliance: The document is not a recommendation and should not be relied upon as accounting, legal, tax or investment advice. You should consult your tax, legal, accounting or other advisers separately. Neither this document nor the information contained in it is for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so might constitute a violation of applicable law. None of Nomura, Laser Digital, their group companies or any of their respective directors, officers, employees, partners, shareholders, advisers, agents or affiliates (together the “Sponsor Parties”) make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document, and nothing contained in it shall be relied upon as a promise or representation whether as to past or future performance. To the maximum extent permitted by law, none of the Sponsor Parties shall be liable (including in negligence) for direct, indirect or consequential losses, damages, costs or expenses arising out of or in connection with the use of or reliance on this document. The information contained in this document is unaudited. It is published for the assistance of recipients, but is not to be relied upon as authoritative and is not to be substituted for the exercise of one’s own judgment.  

Digital assets: Digital assets regulation is still developing across all jurisdictions and governments may in the future restrict the use and exchange of any or all digital assets. Digital assets are generally not backed nor supported by any government or central bank, are not insured by depositor nor investor guarantees schemes and do not have the same protections countries’ bank deposits may have and are more volatile than traditional currencies and/or other investments. Transacting in digital assets carries the risk of market manipulation and cybersecurity failures such as the risk of hacking, theft, programming bugs, and accidental loss. Differing forms of digital assets may carry different risks. In certain circumstances it may not be possible to liquidate a digital assets position in a timely manner at a reasonable price. The volatility and unpredictability of the price of digital assets may lead to significant and immediate losses.  

Risks: An investment in any of the products mentioned herein involves significant risks, including loss of an investor’s entire capital investment. Alternative investment strategies are intended only for investors who understand and accept the risks associated with investments in such products and these products are not suitable for all investors. Investments in digital assets are high-risk investments and you should not expect to be protected if something goes wrong. The volatility and unpredictability of the price of digital assets may lead to significant and immediate losses. You are invited to do all the necessary research and learn before investing in digital assets. In considering any performance data in this document, you should bear in mind that past or targeted performance is not indicative of future results, and there can be no assurance that any of the products would achieve its investment objectives, comparable results or that target returns would be met. Past performance is not a guide to future performance, future returns are not guarantees and a loss of original capital may occur. The price and value of investments referred to in this document may fluctuate. Current performance may be lower or higher than the performance data quoted. Where not relevant or representative, outliers may be excluded. Any future performance is subject to taxation which depends on the personal situation of each investor and which may change in the future. 

UAE (ADGM): In ADGM, this document is issued by Laser Digital (AD) Ltd (“LDAD”), with registered office at 1134, 11, Al Maqam Tower, Abu Dhabi Global Market Square, Al Maryah Island, Abu Dhabi, United Arab Emirates. LDAD is authorised by the Financial Services Regulatory Authority (FSRA), holding a financial services permission with number 240029. The scope of Regulated Activities and relevant restrictions are set out here: In accordance with section 30(4)(a) of FSMR, the following limitations and stipulations apply to all Regulated Activities, unless specified otherwise: Laser Digital (AD) Limited is not permitted to deal with Retail Clients as defined under the Conduct of Business Rulebook (COBS). This webpage is intended for distribution only to Professional Investors and/or Market Counterparties. It must not be delivered to, relied on by or acted upon by, any other person. The FSRA does not accept any responsibility for the content of the information included in this webpage/document, including the accuracy or completeness of such information. The FSRA has also not assessed the suitability of the products or services to which this webpage relates to any particular investor or type of investor. If you do not understand the contents of this webpage or are unsure whether the products or services to which this webpage relates are suitable for your individual investment objectives and circumstances, you should consult an authorised financial adviser. 

UAE (excluding ADGM and DIFC): In the UAE (excluding ADGM and DIFC), this document is issued by Laser Digital Middle East FZE (“LDME”). LDME is authorised and regulated by the Dubai Virtual Assets Regulatory Authority (“VARA”) with registered number VL/23/06/001. We are registered in Dubai, and only deal with or for Qualified Investors and Institutional Investors as defined by VARA. Our registered office is located at One Central, Office 3, Level 53, Unit 512345, Dubai, UAE. Additional information on LDME and the relevant regulatory disclosures may be found at The information contained herein, does not constitute, and is not intended to constitute, a public offer of securities in the United Arab Emirates (“UAE”) and accordingly should not be construed as such.  

Restricted jurisdictions: The distribution of this document and the offering of any products/services may be restricted in certain jurisdictions. The information below is for general guidance only, and it is the responsibility of any person or persons in possession of this document and wishing to make an application for shares to inform themselves of and observe all applicable laws and regulations of any relevant jurisdiction. Such persons should also inform themselves of any applicable legal requirements, exchange control regulations and taxes in the countries of their respective citizenship, residence or domicile. This document does not constitute an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it would be unlawful to make such an offer or solicitation. In particular, this document does not constitute an offer of securities to sell or a solicitation of an offer to purchase in or into the United States, Canada, Australia, or Japan.  

United States: No products/services will be provided in the US or to any US Person. 

Restrictions on investors: None of the products/services referred herein is available for retail investors in any jurisdictions.