CBUAE Partners with Vermeg to Build Next-Gen Central Securities Depository for Digital and Traditional Assets
The Central Bank of the UAE (CBUAE) has appointed Vermeg, a global leader in capital market infrastructure solutions, as its key technology partner to modernize the nation's Central Securities Depository (CSD). This strategic initiative aims to overhaul the technological framework supporting public debt and Sukuk, ensuring a seamless transition into the era of digital assets. By integrating traditional and digitally-originated securities into a unified ecosystem, CBUAE is setting a new global benchmark for post-trade efficiency and liquidity management.
H.E. Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at CBUAE, stated that the development of the CSD is a cornerstone for a resilient financial infrastructure that fosters investor confidence. This partnership is designed to leverage Vermeg’s expertise in collateral management and asset services to future-proof the UAE’s capital markets. As the UAE continues to attract global capital, this tech-driven infrastructure will support financial innovation, particularly in digital Sukuk and bonds, reinforcing the nation's position as a premier global financial hub.