Skyro UAE, a digital financial technology group, signed a Memorandum of Understanding (MoU) with Fasset, a tokenization and crypto exchange platform at GITEX 2025, to promote retail international transfer solutions powered by stablecoins.
The MOU was signed by Arsen Liametov, Co-Founder and Co-CEO of Skyro, and Daniel Ahmed, COO and Co-Founder of Fasset, with the rest of Skyro’s senior leadership including Roberto Mancone, CEO of Skyro GCC and Stanislav Drozdik, Group CFO of Skyro, in attendance.
As per the press release these solutions will enable faster, more secure and cost-efficient cross-border remittances. Both parties will also actively engage with regulators across the region to ensure maximum compliance and foster responsible innovation within the growing digital finance ecosystem.
Both entities will also explore avenues to develop and distribute tokenized assets by combining Skyro’s expertise in financial accessibility and lending platforms, along with Fasset’s blockchain and digital asset capabilities. .
Roberto Mancone, CEO of Skyro GCC said “This partnership will allow us to explore new digital financial structures that align with our mission to make financial services more accessible to customers globally.”
According to a recent study, the GCC region’s ICT market, which encompasses blockchain and digital payment infrastructure, is estimated to be worth USD 141.32 billion in 2025 and is projected to reach USD 222.37 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.49 per cent. Key contributors to this growth are smart city initiatives, 5G deployment, and regulatory support for fintech innovations such as tokenised assets and digital remittances, which are laying the foundation for a more connected, tech-enabled financial future across the GCC region.
Daniel Ahmed, COO and Co-Founder of Fasset, added “Partnering with Skyro UAE enables us to further our shared goal of building inclusive and innovative financial ecosystems. Together, we aim to redefine how value moves across borders – using blockchain and tokenization to deliver secure, fast and efficient financial services to people in the region.”
The partnership between Skyro UAE and Fasset comes at a pivotal time of accelerated digital infrastructure growth across the region. It reflects both parties’ dedication to boosting financial inclusion, regulatory collaboration and innovation in digital assets, while paving the way for a more connected and resilient financial ecosystem across the region.
Recently Fasset, secured approval from Malaysia to provide banking banking services. The license completes Fasset’s ability to provide full-service digital banking to its existing global user base of 500,000 within a regulated sandbox for Islamic fintech innovations, establishing Fasset as the world’s first stablecoin-powered Islamic digital bank.
The global Islamic financial industry surpassed US$5T in assets in 2025, with projections suggesting this could double by 2030.
