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Vermeg progresses digital asset infrastructure project for the Central Bank of the UAE

Vermeg, appointed by the CBUAE, leads a consortium developing digital asset infrastructure for sovereign debt and Sukuk

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Vermeg, a leading technology provider of financial market infrastructure, today announced that CBUAE and Vermeg have selected Delta Capita’s MACH Distributed Ledger Technology (DLT) to support the integrated Digital Asset Securities Depository (DASD) being delivered to the newly created Central Securities Depository in the UAE.

Appointed by the CBUAE in April 2026, Vermeg is designing and delivering 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 mobilisation and asset fractionalisation. It is also designed to support the issuance of natively digital sovereign debt and Sukuk instruments, as well as the tokenisation of existing financial instruments.