The Central Bank of the UAE (CBUAE) and Vermeg, a financial technology infrastructure provider, have chosen Delta Capita’s MACH distributed ledger technology (DLT) to support its integrated digital asset securities depository (DASD).
Delta Capita’s MACH distributed ledger solution allows financial institutions to unlock valuable opportunities for efficiencies, cost savings, improved regulatory compliance and enhanced security. It is a private permissioned DLT.
As per MACH, their DLT is designed with integration and interoperability in mind and offers seamless connectivity to traditional financial industry networks such as SWIFT (ISO15022/ISO20022) and emerging distributed ledger programming languages.
The solution will be delivered to the Central Securities Depository in the UAE, which was recently launched by the UAE’s central bank.
What is the tokenized securities depository MACH is building with CBUAE?
A tokenized securities depository is a digital infrastructure that uses blockchain or distributed ledger technology (DLT) to record, manage, and settle ownership of traditional financial assets like stocks, bonds, and funds.
As per the announcement, Vermeg was appointed by the CBUAE in April 2026 to design and deliver an integrated conventional and digital Central Securities Depository (CSD) platform supporting government debt and Sukuk, alongside a unified collateral management solution.
The DASD will enable capital, cost and revenue efficiencies through T+0 settlement, enhanced collateral mobilization and asset fractionalization. It is also designed to support the issuance of natively digital sovereign debt and Sukuk instruments, as well as the tokenization of existing financial instruments.
The move is part of the central bank’s strategy to strengthen the infrastructure of the UAE’s capital markets.
Back in April, when the Central Bank of the UAE announced it would be developing a tokenized securities depository, it stated that this was a strategic initiative designed to enhance the efficiency of post-trade operations while further strengthening the global competitiveness of the UAE’s financial markets.
The central bank wants to develop an integrated operating environment for liquidity management and settlement across digital and traditional custody activities, in accordance with the highest international standards, and enhance market readiness for future developments, particularly in the areas of digital assets and financial innovation.
Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at the CBUAE, noted at the time, “The 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.”
Badreddine Ouali, Chairman of the Supervisory Board of Vermeg, had also noted: “We are honoured to have been selected by the Central Bank of the UAE as its strategic technology partner for this important initiative. CBUAE’s vision for advancing the UAE’s capital market infrastructure is both ambitious and forward-looking.”
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