The Central Bank of the UAE (CBUAE) and Vermeg, a financial technology infrastructure provider, have selected Delta Capita’s MACH distributed ledger technology (DLT) to support an integrated digital asset securities depository (DASD).

The solution will be delivered to the UAE’s Central Securities Depository, which was recently launched by the country’s central bank. Vermeg announced further progress on the project in its official announcement.

Delta Capita’s MACH is a private, permissioned DLT designed to help financial institutions improve efficiency, reduce costs, strengthen regulatory compliance and enhance security. According to MACH, the platform was built with integration and interoperability in mind. It offers connectivity to established financial-industry networks, including SWIFT standards ISO15022 and ISO20022, as well as emerging distributed-ledger programming languages.

What the UAE’s tokenized securities depository will support

A tokenized securities depository is digital infrastructure that uses blockchain or DLT to record, manage and settle ownership of traditional financial assets such as stocks, bonds and funds.

According to the announcement, the CBUAE appointed Vermeg in April 2026 to design and deliver an integrated conventional and digital Central Securities Depository (CSD) platform. The platform will support government debt and Sukuk, together with a unified collateral-management solution.

The DASD is intended to create capital, cost and revenue efficiencies through T+0 settlement, improved collateral mobilization and asset fractionalization. It is also designed to support the issuance of natively digital sovereign debt and Sukuk instruments, along with the tokenization of existing financial instruments.

The project forms part of the CBUAE’s strategy to strengthen the infrastructure supporting the UAE’s capital markets. When the central bank announced in April that it would develop a tokenized securities depository, it described the initiative as a way to improve the efficiency of post-trade operations and further strengthen the global competitiveness of the UAE’s financial markets.

The CBUAE said it aims to create an integrated operating environment for liquidity management and settlement across digital and traditional custody activities, in line with the highest international standards. The environment is also intended to improve market readiness for future developments, particularly in digital assets and financial innovation.

Saif Humaid Al Dhaheri, Assistant Governor for Banking Operations and Support Services at the CBUAE, said 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, said: “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.”