Dubai Multi Commodities Centre (DMCC), one of the world’s leading international business districts, has signed a strategic partnership with Swedish financial technology company Vermiculus, in a move aimed at accelerating innovation and reinforcing Dubai’s status as a global hub for technology and trade.
The memorandum of understanding (MoU) was signed this week and will see DMCC, which supports nearly 26,000 companies across its ecosystem, work with Vermiculus to deploy advanced fintech solutions. The focus will be on critical infrastructure such as exchanges, clearing houses, and central securities depositories (CSDs).
The collaboration also includes joint projects and knowledge-sharing initiatives, and comes as part of DMCC’s wider technology strategy. As the parent company of the Dubai Gold and Commodities Exchange (DGCX) and the Dubai Commodities Clearing Corporation (DCCC), DMCC says it is committed to enabling innovation and supporting businesses with next-generation financial systems.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said the agreement highlighted Dubai’s growing role in shaping the future of trade and finance.
“Innovation is reshaping the future of trade and finance. By signing this MoU with Vermiculus, we’re laying the groundwork for collaboration that drives knowledge exchange, technology adoption and new opportunities for nearly 26,000 companies in our community,” he said.
“This MoU complements our existing partnerships by exploring fintech solutions that further enhance DMCC’s broader ecosystem, advancing our mission to help global businesses thrive from Dubai.”
Vermiculus, founded in 2019, specialises in developing cloud-native systems with artificial intelligence-driven capabilities for financial institutions. Its expertise lies in building systems for exchanges and clearing houses that are more resilient, scalable and efficient.
Nils-Robert Persson, Founder and Chairman of Vermiculus, said the partnership with DMCC represented a unique opportunity to combine global experience with Dubai’s ambitions.
“At Vermiculus, our focus is on delivering cutting-edge technology that meets the mission-critical needs of exchanges and financial institutions worldwide,” he said.
“With over 25 years of experience working with some of the world’s largest exchanges, clearing houses and CSDs, our team combines deep expertise with innovation to ensure unmatched quality and reliability. Partnering with DMCC, one of the world’s most dynamic business districts, provides a unique opportunity to explore areas of mutual interest and growth.”
The agreement also highlights the strengthening economic and commercial ties between the United Arab Emirates and Sweden, built on a shared commitment to advancing innovation and technology-led growth.
Industry observers say the MoU could pave the way for further collaborations in fintech, particularly as demand grows for modern, AI-driven financial infrastructure to support global trade flows.
For DMCC, the partnership with Vermiculus is another step in its strategy to attract high-impact partnerships and position Dubai as an international centre for business and innovation.
