Skyro UAE and Fasset Unite to Boost Digital Financial Services in the GCC
Strategic Partnership Enhances Cross-Border Financial Innovation
Skyro UAE, a prominent player in the digital financial technology sector, has entered into a Memorandum of Understanding (MoU) with Fasset, a leading global fintech platform. This agreement was formalized during GITEX Global 2025, aiming to drive innovation in cross-border financial services throughout the Gulf Cooperation Council (GCC) region.
Under this partnership, both entities will collaborate to develop retail international transfer solutions that utilize stablecoins. These innovative solutions are designed to provide faster, more secure, and cost-effective cross-border remittances.
Commitment to Compliance and Responsible Innovation
In addition to developing new financial solutions, Skyro UAE and Fasset plan to engage actively with regional regulators. Their goal is to ensure maximum compliance while fostering a landscape conducive to responsible innovation in the burgeoning digital finance ecosystem.
Both parties recognize the importance of regulatory frameworks in maintaining the integrity of financial transactions. This approach underlines their commitment to building a responsible financial environment as they expand their services.
Exploring Tokenised Assets in Financial Services
The partnership seeks to explore the development and distribution of tokenised assets by leveraging Skyro’s expertise in financial accessibility and lending, combined with Fasset’s strengths in blockchain technology and digital assets. This collaboration signifies a shared vision to redefine cross-border payment methods and to support the GCC’s initiative for digital transformation and financial inclusion.
Skyro UAE and Fasset’s strategic alliance represents their dedication to reshaping the financial landscape by integrating advanced technological solutions.
Leadership Perspectives on the Partnership
Roberto Mancone, the CEO of Skyro GCC, commented on the partnership, stating, “We are grateful for our partnership with Fasset, as it marks an important step in strengthening our group’s fintech capabilities across the GCC.” He highlighted that this collaboration would allow for the exploration of new digital financial structures aimed at making financial services more accessible to global customers.
Daniel Ahmed, COO and Co-Founder of Fasset, echoed this sentiment by noting, “Partnering with Skyro UAE enables us to further our shared goal of building inclusive and innovative financial ecosystems.” His insights reflect the intention of both companies to redefine the movement of value across borders, utilizing blockchain and tokenization to enhance the efficiency of financial services in the region.
Growth Projections for the GCC ICT Market
According to recent studies, the GCC region’s information and communications technology (ICT) market, which encompasses blockchain and digital payment infrastructure, is poised for significant growth. It is estimated to be worth approximately US$141.32 billion in 2025 and expected to reach about US$222.37 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.49 percent.
Key factors driving this growth include the rise of smart city initiatives, advancements in 5G technology, and robust regulatory support for fintech innovations such as tokenised assets and digital remittances. These developments are crucial to establishing a more connected and technology-driven financial future across the GCC region.
Formal Signing of the Memorandum of Understanding
The MoU was formally signed by Arsen Liametov, Co-Founder and Co-CEO of Skyro, alongside Daniel Ahmed, COO and Co-Founder of Fasset. The event was attended by Skyro’s senior leadership, including Roberto Mancone, CEO of Skyro GCC, and Stanislav Drozdik, Group CFO of Skyro, emphasizing the importance of this collaboration for both organizations.
This partnership marks a significant milestone in the digital finance landscape of the GCC, promising to deliver enhanced financial services that meet the evolving needs of businesses and consumers alike.
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