Dubai’s First Institutional-Grade RWA Token: Laser Digital Gets VARA Approval
Laser Digital, the digital assets division of Nomura Group, has received in-principle approval from Dubai’s VARA to tokenize its global flagship Laser Carry Fund (LCF) under the regulator’s pilot ARVA Framework. This milestone positions Laser Digital to launch the first institutional-grade tokenized RWA product in Dubai.
The newly approved Tokenised LCF (TLCF) will provide professional and institutional investors exposure to tokenized units of the Laser Digital Carry Fund SP, a Cayman Segregated Portfolio. TLCF tokens will be available on public blockchains via KAIO, with Komainu serving as the VARA-licensed custodian.
Designed for secondary market trading, the token offers enhanced liquidity and compliance under VARA regulations, marking a significant advancement for Dubai’s digital asset ecosystem.
“The in-principle approval to launch the first Dubai-native RWA asset management token is a key step in responsibly delivering institutional-grade and composable RWA products to investors. We’re pleased to launch this product under VARA, building upon our shared commitment to higher governance and robust investor policies in active on-chain asset management,” said Jez Mohideen, Co-founder and CEO of Laser Digital.
The LCF Token will be available exclusively to professional and institutional investors who meet VARA’s eligibility criteria. Subscriptions and redemptions will occur during pre-set windows, with pricing linked to LCF’s net asset value. Selected VARA-licensed exchanges will support secondary trading, subject to compliance controls.
The Tokenised LCF represents the first in a series of RWA asset management tokens under VARA’s ARVA Framework, with plans to expand offerings to other institutional-grade asset management products.
The TLCF whitepaper is available on demand for eligible investors. Register here: Laser Digital Asset Management
