Laser Digital receives Financial Services Permission from ADGM’s Financial Services Regulatory Authority

Laser Digital have announced that the Financial Services Regulatory Authority of Abu Dhabi have 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.

Commenting on the Financial Services Permission approval, Jez Mohideen (pictured), CEO of Laser Digital, said, “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, 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.”