Dubai MultiCommodities Centre (DMCC) has inked a partnership agreement with Swedish fintechcompany Vermiculus as the business hub looks to expand its technologycapabilities and deepen connections with Nordic markets.Thememorandum of understanding between DMCC and the Stockholm-based firm focuseson financial technology solutions for exchanges, clearing houses and securitiesdepositories. Both organizations will explore joint projects and sharetechnical expertise under the arrangement.DMCC Partners with SwedishFintech Vermiculus in Technology PushDMCCoperates the Dubai Gold and Commodities Exchange and Dubai Commodities ClearingCorporation, making technology partnerships particularly relevant to its corebusiness functions. The agreement comes as the organization serves nearly26,000 member companies across its various business ecosystems.Vermiculus,which started operations in 2019, specializes in cloud-based systems forfinancial market infrastructure. The company develops platforms thatincorporate artificial intelligence capabilities for exchanges and clearingorganizations worldwide."Innovationis reshaping the future of trade and finance," DMCC ExecutiveChairman and CEO Ahmed Bin Sulayem said in a statement. "By signingthis MoU with Vermiculus, we're laying the groundwork for collaboration thatdrives knowledge exchange, technology adoption and new opportunities for nearly26,000 companies in our community."UAE and Sweden StrengthenTiesThe Swedishcompany brings experience from working with major global exchanges and clearinghouses over the past quarter-century. Its founder and Chairman, Nils-Robert Persson, highlighted the firm's focus on "mission-critical needs of exchanges and financial institutions worldwide.""Partneringwith DMCC, one of the world's most dynamic business districts, provides aunique opportunity to explore areas of mutual interest and growth," Perssonnoted.The mostrelevant recent cooperation occurred in May 2025, when a UAE delegation led byAssistant Foreign Minister for Advanced Science and Technology Omran Sharafconcluded a two-day visit to Stockholm. Theagreement doesn't specify financial terms or timeline details for potentialjoint projects. Both organizations indicated they would focus initially onidentifying areas where their expertise could complement each other.The most well-known Swedish fintech is Klarna, the leader in the Buy Now, Pay Later (BNPL) market. The company has been preparing for its Wall Street debut for several months, and many indications suggest that it could take place as early as September.This article was written by Damian Chmiel at www.financemagnates.com.