Skyro and Facet collaborate to promote digital financial services in the Gulf countries

Skyro, one of the specialized groups in digital financial technology, signed a memorandum of understanding with Fasset, a leading global financial technology platform, during 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 senior officials from Skyro Emirates, namely Arsen Liamitov, co-founder. and CEO of Skyro, and Daniel Ahmed, co-founder and chief operating officer of FACET, in the presence of the rest of Skyro’s senior management, including Roberto Manconi, CEO of Skyro in the GCC, and Stanislaw Drozdik, Group CFO. Under this partnership, Skyro UAE and “Facet” will develop innovative solutions for international transfers of individuals, based on stable currencies, to ensure faster, more secure and cost-efficient transfer transactions. The two companies will also seek to cooperate with regulatory authorities in the region to enhance full compliance and stimulate responsible innovative practices in the evolving digital financial landscape. In this context, the strategic partnership will include exploring opportunities for developing and distributing assets. Tokenized, 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 to support digital transformation and financial inclusion efforts in the region. In this context, Roberto Manconi, CEO of Skyro in the Gulf Cooperation Council countries, said: “We are pleased to cooperate with Faset in this important initiative, which constitutes a qualitative step towards strengthening our group’s capabilities in the field of financial technology at the Gulf level. We believe that this partnership “It will allow us to explore new digital financial systems that align with our mission to make financial services accessible to customers around the world.” A recent study indicates 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%. The most prominent factors contributing to this growth include smart city initiatives, the adoption of 5G networks, and regulatory support for innovations in financial technology such as tokenized assets and digital transfers, which are shaping a more connected, technology-enabled financial future throughout the GCC region. For his part, Daniel Ahmed, co-founder and chief operating officer of FACET, said: “Our partnership with Skyro Emirates allows us to achieve our common goal of building comprehensive and innovative financial systems. Together we seek to establish a new concept of cross-border financial services, using blockchain and coding technologies to provide safe, fast and efficient financial solutions to the residents of the region.” This partnership comes at a time when the digital infrastructure is witnessing rapid growth in the region, which reflects the commitment of both parties to enhancing financial inclusion, regulatory cooperation and innovation in the field of digital assets, and paves the way towards establishing a more interconnected and flexible financial system in the Gulf Cooperation Council countries.