UAE-based digital financial technology group Skyro UAE has signed a Memorandum of Understanding (MoU) with global fintech platform Fasset to innovate cross-border financial services across the GCC. The landmark agreement, announced at GITEX Global 2025, aims to leverage stablecoins and tokenization to create a more efficient and inclusive financial ecosystem in the region.
Revolutionizing Remittances with Stablecoins
At the core of the partnership is the joint development of retail international transfer solutions powered by stablecoins. This collaboration seeks to address common pain points in cross-border payments by enabling faster, more secure, and cost-efficient remittances for customers throughout the GCC. The initiative combines Skyro’s expertise in financial accessibility and lending with Fasset’s advanced blockchain and digital asset capabilities.
“We are grateful for our partnership with Fasset, as it marks an important step in strengthening our group’s fintech capabilities across the GCC,” said Roberto Mancone, CEO of Skyro GCC. “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.”
Strategic Focus on Regulation and Tokenization
Beyond remittances, the strategic alliance will explore the development and distribution of tokenized assets. Both Skyro UAE and Fasset have committed to actively engaging with regional regulators to ensure maximum compliance and promote responsible innovation. This proactive approach underscores their commitment to building a sustainable digital finance ecosystem that supports the region’s broader goals of digital transformation and financial inclusion.
“Partnering with Skyro UAE enables us to further our shared goal of building inclusive and innovative financial ecosystems,” commented Daniel Ahmed, COO and Co-Founder of Fasset. “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.”
Tapping a Booming GCC Digital Economy
The partnership is timed to capitalize on the rapid growth of the GCC’s Information and Communications Technology (ICT) market. Valued at an estimated US$141.32 billion in 2025, the sector is projected to surge to US$222.37 billion by 2030, driven by smart city initiatives, 5G deployment, and strong regulatory support for fintech innovations. By focusing on digital remittances and tokenized assets, Skyro and Fasset are positioning themselves at the forefront of this tech-enabled financial future.
About Skyro UAE
Skyro UAE is a digital financial technology group focused on enhancing financial accessibility for customers. The company develops and operates platforms that aim to provide more inclusive and efficient financial services globally, with a strong focus on the GCC region.
About Fasset
Fasset is a leading global fintech platform specializing in blockchain technology and digital asset capabilities. The company provides infrastructure and solutions to build more inclusive and innovative financial ecosystems, enabling secure and efficient movement of value across borders.
Source: Zawya
