Skyro Emirates, a digital financial technology group, signed a memorandum of understanding with Fasset, a leading global financial technology platform, during GITEX Global 2025, to promote innovation in cross-border financial services in the Arabian Gulf region .

The MoU was signed by senior officials from Skyro UAE, including Arsen Lyamytov, Co-Founder and CEO of Skyro, and Daniel Ahmed, Co-Founder and COO of Fasit, in the presence of the rest of Skyro's senior management, including Roberto Manconi, CEO of Skyro in the GCC, and Stanislav Drozdik, Group CFO .

Under this partnership, Skyro UAE and Facet will work together to develop innovative solutions for international personal remittances based on stablecoins, ensuring faster, more secure, and more cost-effective remittance transactions. The two companies will also collaborate with regulatory authorities in the region to promote full compliance and encourage responsible innovative practices in the evolving digital financial landscape .

Within this framework, the strategic partnership will explore opportunities for developing and distributing tokenized assets, combining Skyro's expertise in seamless financial services and lending platforms with Facet's vast capabilities in blockchain and digital assets technologies. This collaboration reflects both parties' commitment to reshaping the future of cross-border payments and supporting digital transformation and financial inclusion efforts in the region .

In this context, Roberto Manconi, CEO of Skyro in the GCC, said: “We are pleased to partner with Facet on this important initiative, which represents a qualitative step towards strengthening our group’s capabilities in the field of financial technology in the Gulf. We believe that this partnership will enable us to explore new digital financial systems that align with our mission to make financial services available to customers around the world.”

A recent study indicates that the size of the ICT market in the GCC, which includes blockchain infrastructure and digital payments, is estimated at $141.32 billion in 2025 and is expected to reach $222.37 billion by 2030, at a compound annual growth rate (CAGR) of 9.49%. Key factors contributing to this growth include smart city initiatives, the adoption of 5G networks, and regulatory support for fintech innovations such as tokenized assets and digital remittances, which are shaping a more connected, technology-enabled financial future across the GCC region .

For his part, Daniel Ahmed, Co-Founder and Chief Operating Officer of Facet, said: “Our partnership with Skyro UAE enables us to achieve our shared goal of building inclusive and innovative financial ecosystems. Together, we seek to establish a new concept for cross-border financial services, using blockchain and tokenization technologies to provide safe, fast, and efficient financial solutions to the region’s residents. ”

This partnership comes at a time when digital infrastructure is rapidly growing in the region, reflecting both parties' commitment to enhancing financial inclusion, regulatory cooperation, and innovation in the field of digital assets, paving the way for establishing a more interconnected and resilient financial system in the GCC.

About Skyro :

Skyro is a leading digital financial technology group, part of Breeze Ventures, headquartered in Bahrain, seeking to redefine access to financial services in emerging markets. Through innovative solutions in lending, savings, and investing, Skyro is committed to empowering individuals and businesses through user-friendly platforms. Currently operating in the Philippines, the company is expanding its operations to the GCC, aiming to provide technology-driven digital financial services that support financial inclusion and digital transformation in the region .

About Fasit Company :

Faset is a banking and investment platform dedicated to promoting financial inclusion in Asia and Africa, aiming to enable individuals and businesses to invest easily and securely from anywhere in the world. In 2024, the company launched Own, a layer-two network built on Ethereum, with the goal of expanding access to decentralized finance globally. Founded by Muhammad Rafi Hussain and Daniel Ahmed, the company is headquartered in Dubai and Jakarta. It has raised $26.7 million in funding and is licensed in several countries and regions, including the UAE, Indonesia, Malaysia, the European Union, Turkey, Pakistan, and others .

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