CBUAE partners with Vermeg
13 April 2026 UAE
Image: Bojan/stock.adobe.com
The Central Bank of the UAE (CBUAE) has appointed Vermeg as the lead technology partner of a consortium supporting the establishment of a central securities depository (CSD) for national debt and Sukuk.
According to the firm, the initiative is designed to enhance the efficiency of post-trade operations while further strengthening the global competitiveness of the UAE鈥檚 financial markets.
It aligns with the CBUAE鈥檚 vision to develop an integrated operating environment for liquidity management and settlement across digital and traditional custody activities, in accordance with the international standards.
This initiative also supports investment attraction and enhances market readiness for future developments, especially in the areas of digital assets and financial innovation.
H.E. Saif Humaid Al Dhaheri, assistant governor for banking operations and support services at the CBUAE, states: 鈥淭he development of a central securities depository represents a key cornerstone in building a more efficient and resilient financial infrastructure, directly supporting the growth of capital markets and reinforcing the confidence of international investors in the UAE.
鈥淭hrough this partnership the CBUAE aims to adopt forward-looking technological solutions that keep pace with rapid global developments and strengthen the foundations of a future-ready financial ecosystem, capable of shaping the future of the next generation of digital services.鈥�
Badreddine Ouali, chairman of the supervisory board of Vermeg, adds: 鈥淭he CBUAE鈥檚 vision for advancing the UAE鈥檚 capital market infrastructure is both ambitious and forward-looking.
鈥淭his appointment reflects Vermeg鈥檚 long-standing experience in supporting central banks and market infrastructures with robust post-trade, collateral management, and custody solutions.
鈥淲e are proud to contribute to the development of a next-generation CSD that will enhance market efficiency, support financial innovation, and strengthen the UAE鈥檚 position as a leading financial centre.鈥�
According to the firm, the initiative is designed to enhance the efficiency of post-trade operations while further strengthening the global competitiveness of the UAE鈥檚 financial markets.
It aligns with the CBUAE鈥檚 vision to develop an integrated operating environment for liquidity management and settlement across digital and traditional custody activities, in accordance with the international standards.
This initiative also supports investment attraction and enhances market readiness for future developments, especially in the areas of digital assets and financial innovation.
H.E. Saif Humaid Al Dhaheri, assistant governor for banking operations and support services at the CBUAE, states: 鈥淭he development of a central securities depository represents a key cornerstone in building a more efficient and resilient financial infrastructure, directly supporting the growth of capital markets and reinforcing the confidence of international investors in the UAE.
鈥淭hrough this partnership the CBUAE aims to adopt forward-looking technological solutions that keep pace with rapid global developments and strengthen the foundations of a future-ready financial ecosystem, capable of shaping the future of the next generation of digital services.鈥�
Badreddine Ouali, chairman of the supervisory board of Vermeg, adds: 鈥淭he CBUAE鈥檚 vision for advancing the UAE鈥檚 capital market infrastructure is both ambitious and forward-looking.
鈥淭his appointment reflects Vermeg鈥檚 long-standing experience in supporting central banks and market infrastructures with robust post-trade, collateral management, and custody solutions.
鈥淲e are proud to contribute to the development of a next-generation CSD that will enhance market efficiency, support financial innovation, and strengthen the UAE鈥檚 position as a leading financial centre.鈥�
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