Dubai Multi Commodities Centre (DMCC) has signed a strategic partnership with Swedish fintech pioneer Vermiculus, marking a significant step in advancing financial technology solutions and reinforcing Dubai’s status as a global hub for trade and innovation.
The memorandum of understanding will see the two entities explore collaboration in deploying fintech solutions for exchanges, clearing houses, and central securities depositories. The partnership also aims to facilitate joint projects and knowledge transfer, supporting DMCC’s ecosystem of nearly 26,000 companies.
As the parent company of the Dubai Gold and Commodities Exchange and the Dubai Commodities Clearing Corporation, DMCC said the agreement aligns with its broader technology strategy, including efforts to expand the use of AI across industries.
Founded in 2019, Vermiculus specializes in next-generation, cloud-native systems for financial institutions, combining advanced system design with AI-driven capabilities to enhance resilience, scalability, and efficiency.
DMCC Executive Chairman and CEO Ahmed Bin Sulayem said the collaboration will drive knowledge exchange and new opportunities for businesses operating from Dubai. Vermiculus Founder and Chairman Nils-Robert Persson described the partnership as a unique opportunity to combine expertise and support the future of global trade.
The agreement also reflects the growing economic and technological ties between the UAE and Sweden, built on a shared focus on innovation-led growth.
News Source: Dubai Media Office
