Abu Dhabi, UAE – The Central Bank of the United Arab Emirates announced the appointment of Vermeg, a global provider of technical solutions for capital market infrastructure, collateral management, and asset services, as a key technical partner to develop the technological system supporting the Central Depository System – CSD for Public debt and sukuk.
This comes within the framework of the bank’s strategy to strengthen the capital market infrastructure in the UAE.
The bank explained that this strategic initiative aims to improve the efficiency of post-trading operations and consolidate the global competitiveness of the country’s financial markets.
The initiative comes within the framework of the Central Bank’s vision to develop an integrated operational environment for liquidity management and settlement operations through traditional and digital asset custody activities. According to the highest international standards. To support investment attraction and enhance market readiness for future developments. Especially in the areas of digital assets, including digitally generated sukuk and bonds, and financial innovation.
