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Laser Digital (AD) Limited has announced that it has been granted a Financial Services Permission (FSP) by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This marks the successful completion of Laser Digital's licensing process with ADGM.
The FSP allows Laser Digital to offer broker-dealer services and asset/fund management services within ADGM, covering both traditional and virtual assets. The company's UAE entity is led by CEO Jez Mohideen, with Ramin Shayesteh serving as Head of Distribution.
Jez Mohideen, CEO of Laser Digital, expressed his excitement about this significant milestone, stating, "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."
Arvind Ramamurthy, Chief of Market Development at ADGM, welcomed Laser Digital, saying, "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."
The company aims to leverage this license to deliver innovative solutions and contribute to the growth of the virtual asset industry in the UAE.
Laser Digital (AD) Limited specialises in broker-dealer services and asset/fund management for both traditional and virtual assets.
Abu Dhabi Global Market (ADGM) is an international financial center located in the capital city of the United Arab Emirates. ADGM is governed by three independent authorities: the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA), and the ADGM Courts.
