"Skyro Emirates" and"Fassett" They sign a memorandum of understanding to enhance digital financial services
Dubai, 17 October / WAM / Skyro Emirates, one of the groups specialized in digital financial technology, signed a memorandum of understanding with “Fasset”, a global platform operating in the field of financial technology, during the activities of the “GITEX Global 2025” exhibition, with the aim of promoting innovation in cross-border financial services in the Arabian Gulf region.
The memorandum was signed by Arsen Lyamitov, Co-Founder and CEO of Skyro, and Daniel Ahmad, Co-Founder and Chief Operating Officer of FACET.
Under this partnership, Skyro Emirates and Facet will work to develop innovative solutions for international transfers of individuals based on stable currencies, ensuring faster, more secure and cost-efficient transfer transactions.
The two companies will seek to collaborate with regulatory authorities in the region to enhance full compliance and stimulate responsible innovative practices in the evolving digital financial landscape.
The strategic partnership focuses on exploring development and distribution opportunities for tokenized assets by combining Skyro’s expertise in seamless financial services and lending platforms with FACET’s vast capabilities in blockchain technologies and digital assets.
This cooperation reflects the commitment of both parties to reshape the future of cross-border payments and support digital transformation and financial inclusion efforts in the region.
Roberto Manconi, CEO of Skyro in the GCC, expressed his pleasure in cooperating with FACET in this important initiative, which constitutes a qualitative step towards enhancing our group’s capabilities in the field of financial technology at the Gulf level. He said: “We believe that this partnership will allow us to explore new digital financial systems that are in line with our mission to make financial services available to customers around the world.”
A recent study revealed that the size of the information and communications technology market in the Gulf Cooperation Council countries, 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, with a compound annual growth rate of 9.49 percent.
Key factors contributing to this growth include smart city initiatives, 5G adoption, and regulatory support for financial technology innovations such as tokenized assets and digital remittances that are shaping a more connected, technology-enabled financial future across the GCC region.
For his part, Daniel Ahmed said that the partnership with Skyro Emirates allows us to achieve our common goal of building comprehensive and innovative financial systems, and together we seek to establish a new concept of cross-border financial services using blockchain and coding technologies to provide safe, fast and effective financial solutions to the residents of the region.
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