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Skyro and Fasset Partner to Revolutionise Gulf's Cross-Border Digital Payments - Arageek
Skyro and Fasset Partner to Revolutionise Gulf’s Cross-Border Digital

Payments

Latest Skyro and Fasset Partner to Revolutionise Gulf’s Cross-Border Digital Payments
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Editorial Team

Last updated 16-10-2025 4 min

Skyro UAE and Fasset agreed to develop stablecoin-based international transfer solutions.
They aim to make cross-border payments quicker and collaborate with regulators for compliance.

The partnership will also explore issuing tokenised assets for more accessible financial services.

GCC fintech sector is rapidly expanding, potentially reaching USD 222 billion by 2030.

The collaboration represents a broader trend of ambitious partnerships driving innovation in MENA.

There was quite a bit of buzz at GITEX 2025 this week when Skyro UAE shook hands with Fasset to back a new push in

digital financial services across the Gulf. The two fintechs signed a Memorandum of Understanding (MoU) that, in essence,
sets them up to co-develop international transfer solutions using stablecoins — a move that could trim costs and speed up

how money crosses borders. From what I’ve seen over the years covering startups for Arageek, cross-border payments
have long been a bit of a faff for ordinary users, so any serious attempt to smooth that out gets my attention.

Arsen Liametov, Skyro’s Co-Founder and Co-CEO, sat alongside Daniel Ahmed, COO and Co-Founder of Fasset, to ink
the deal. Also on hand were Skyro chiefs Roberto Mancone and Stanislav Drozdik — names that keep popping up

whenever fintech innovation in the region is mentioned. The pair seem keen not just on making remittances quicker but
also working directly with regional regulators to keep everything above board. Sensible, if you ask me; the GCC fintech
space is booming, but staying compliant is what keeps these ambitions alive.

Interestingly, the plan doesn’t stop at money transfers. The two companies said they’ll also explore issuing and distributing

tokenised assets, pooling Skyro’s lending know-how with Fasset’s blockchain toolkit. If done right, that could create some
genuinely useful financial products for ordinary consumers rather than just tech enthusiasts. As Roberto Mancone put it, the
collaboration should help “make financial services more accessible to customers globally,” while keeping a firm focus on

innovation appropriate for the region’s fast-evolving digital landscape.

It’s worth noting just how large this playground has become. One market forecast values the GCC’s ICT sector — which

includes blockchain and payment infrastructure — at over USD 140 billion in 2025, heading towards USD 222 billion by
2030. Smart cities, 5G rollouts, and friendly regulation are all nudging things forward. I’ll admit, I reckon some of the bold

projections might be a tad optimistic, but the trajectory’s spot on: the digital backbone of the Gulf is strengthening by the
day.

Daniel Ahmed, speaking on behalf of Fasset, said the partnership would help “redefine how value moves across borders,”
promising secure and fast transfers with blockchain’s traceability baked in. And honestly, given Fasset’s track record across

Asia and Africa, it’s not hard to see why Skyro sees them as a strong ally.

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