DMCC, the leading international business district that drives the flow of global trade through Dubai, has entered strategic partnership with Vermiculus. The MoU underlines DMCC's ambition to drive innovation and further cement Dubai's role as a global hub for technology and commerce, supporting a community of more than 26 000 companies.
“Innovation is a driving force in reshaping the future of trade and finance. By signing this MoU with Vermiculus, we are laying the groundwork for collaboration that promotes knowledge exchange, technology adoption and new opportunities for our 26,000 companies. The MoU complements our existing partnerships by exploring fintech solutions that further enhance DMCC’s broader ecosystem. This is fully aligned with DMCC’s mission to create the infrastructure and environment for global businesses to thrive from Dubai,” said Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC.
Through the partnership, the two companies will explore collaboration in delivering world-class technology solutions for financial marketplace infrastructure. The parent company of The Dubai Gold and Commodities Exchange (DGCX) and the Dubai Commodities Clearing Corporation (DCCC), DMCC, is widening its technology footprint with the most modern microservices, AI-driven solutions from Vermiculus.
“We see great opportunities for collaboration with DMCC’s ecosystem and are aiming to help DMCC in offering complex solutions in accordance with their unique requirements which others have struggled to fulfill. Their strong focus on AI-powered high-quality technology solutions aligns perfectly with our strategy. Extending our partnership with DGCX is a natural step, given our teams have a history of successful cooperation,” said Taraneh Derayati, CEO of Vermiculus.
“At Vermiculus, our focus is on delivering cutting-edge technology that meets the mission-critical needs of exchanges and financial institutions worldwide. 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 in every solution we provide. Partnering with DMCC, one of the world’s most dynamic business districts, provides a unique opportunity to explore areas of mutual interest and growth,” comments Nils-Robert Persson, Founder and Chairman of Vermiculus.
Nils-Robert Persson, Chairman of Vermiculus, and Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC
