Dubai: Skyro UAE, a digital financial technology group, has inked a Memorandum of Understanding (MoU) with Fasset, a global fintech platform, at GITEX Global 2025 to propel innovation in cross-border financial services throughout the GCC region.
According to Emirates News Agency, the MoU was signed by Arsen Liametov, Co-Founder and Co-CEO of Skyro, and Daniel Ahmed, COO and Co-Founder of Fasset. Key figures from Skyro’s senior leadership, such as Roberto Mancone, CEO of Skyro GCC, and Stanislav Drozdik, Group CFO of Skyro, were present at the signing.
The partnership between Skyro UAE and Fasset aims to foster the development of innovative retail international transfer solutions using stablecoins. These solutions are designed to facilitate faster, secure, and cost-efficient cross-border remittances.
Additionally, both companies will collaborate with regional regulators to ensure compliance and promote responsible innovation within the burgeoning digital finance sector. The partnership will also explore the development and distribution of tokenised assets, leveraging Skyro’s financial accessibility expertise and Fasset’s blockchain and digital asset capabilities.
Roberto Mancone of Skyro GCC expressed gratitude for the partnership, highlighting its significance in enhancing Skyro’s fintech capabilities across the GCC. The collaboration aligns with their mission to make financial services more accessible worldwide.
Daniel Ahmed of Fasset noted that the partnership with Skyro UAE furthers their shared goal of creating inclusive and innovative financial ecosystems. Together, they aim to transform cross-border value movement through blockchain and tokenization, providing secure, fast, and efficient financial services in the region.
According to a recent study, the GCC region’s ICT market, which includes blockchain and digital payment infrastructure, is anticipated to be worth US$141.32 billion in 2025, with projections to reach US$222.37 billion by 2030, growing at a CAGR of 9.49 percent.
Key drivers of this growth include smart city initiatives, 5G deployment, and regulatory support for fintech innovations like tokenised assets and digital remittances, paving the way for a more connected financial future in the GCC.