UAE Central Bank Picks MACH DLT for Tokenized Securities Depository

The Central Bank of the UAE (CBUAE) has chosen Delta Capita's MACH distributed ledger technology (DLT) to support its integrated digital asset securities depository (DASD). This move is part of the central bank's strategy to strengthen the infrastructure of the UAE's capital markets.

MACH DLT allows financial institutions to unlock valuable opportunities for efficiencies, cost savings, improved regulatory compliance, and enhanced security. The solution will be delivered to the Central Securities Depository in the UAE, which was recently launched by the CBUAE.

The tokenized securities depository is a digital infrastructure that uses blockchain or DLT to record, manage, and settle ownership of traditional financial assets like stocks, bonds, and funds. It enables capital, cost, and revenue efficiencies through T+0 settlement, enhanced collateral mobilization, and asset fractionalization.