The Dubai Multi Commodities Centre (DMCC) has signed a MoU with Swedish fintech firm Vermiculus to explore cooperation on financial technology solutions.

The agreement supports DMCC’s wider plans to expand its technology strategy and strengthen Dubai’s role in trade and finance.

The partnership will focus on the deployment of systems for exchanges, clearing houses and central securities depositories, including joint projects and knowledge-sharing initiatives.

DMCC, which oversees the Dubai Gold and Commodities Exchange (DGCX) and the Dubai Commodities Clearing Corporation (DCCC), said the collaboration forms part of its efforts to integrate advanced technologies, including artificial intelligence, into its operations.

Vermiculus, established in 2019, develops cloud-native systems for financial market infrastructures.

Its solutions combine modern system design with AI-driven functions aimed at improving resilience, scalability and efficiency.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, said:

“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.”

Nils-Robert Persson, Founder and Chairman of Vermiculus, said:

“At Vermiculus, our focus is on delivering technology that meets the mission-critical needs of exchanges and financial institutions worldwide. With over 25 years of experience in the sector, our team combines deep expertise with innovation to ensure reliability in every solution we provide. Partnering with DMCC provides an opportunity to explore areas of mutual interest and growth.”

The MoU comes as economic ties between the UAE and Sweden continue to expand, with both countries emphasising innovation and technology-led development.

Featured image credit: DMCC