The Central Bank of the United Arab Emirates (CBUAE) is creating a central securities depository for national debt and Sukuk.
The strategic initiative aligns with its vision to develop an integrated operating environment for liquidity management and settlement across digital and traditional custody activities.
It is designed to enhance the efficiency of post‑trade operations while further strengthening the global competitiveness of the UAE’s financial markets, says CBUAE. It also supports investment attraction and enhances market readiness for future developments, particularly in the areas of digital assets and financial innovation.
Vermeg, which provides technology solutions for market infrastructures, collateral management and asset servicing, has been appointed as the strategic technology partner supporting the establishment of the new CSD.
