Page 54 - Skyro PR Report - October 2025

Skyro UAE and Fasset sign MoU at GITEX 2025 to enhance digital financial services across GCC – Executive Bulletin
Roberto Mancone, CEO of Skyro GCC said: “We are grateful for our partnership with Fasset, as it
marks an important step in strengthening our group’s fintech capabilities across the 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.”

According to a recent study, the GCC region’s ICT market, which encompasses blockchain and digital

payment infrastructure, is estimated to be worth USD 141.32 billion in 2025 and is projected to reach
USD 222.37 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.49 per cent.

Key contributors to this growth are smart city initiatives, 5G deployment, and regulatory support for
fintech innovations such as tokenised assets and digital remittances, which are laying the foundation

for a more connected, tech-enabled financial future across the GCC region.

Daniel Ahmed, COO and Co-Founder of Fasset, said: “Partnering with Skyro UAE enables us to

further our shared goal of building inclusive and innovative financial ecosystems. 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.”

The partnership between Skyro UAE and Fasset comes at a pivotal time of accelerated digital
infrastructure growth across the region. It reflects both parties’ dedication to boosting financial

inclusion, regulatory collaboration and innovation in digital assets, while paving the way for a more
connected and resilient financial ecosystem across the region.

About Skyro

Skyro is a digital financial technology group under Breeze Ventures, headquartered in Bahrain. The
company is focused on making financial services more accessible and inclusive across emerging

markets in lending, saving or investing. Skyro currently operates in the Philippines and is expanding

its presence in the Gulf Cooperation Council (GCC) region to deliver simple, transparent, and
technology-driven financial solutions that empower individuals and businesses.

About Fasset

Fasset is a banking and investment platform focused on enhancing financial inclusion across Asia and
Africa, enabling individuals and businesses to securely invest from anywhere in the world. In 2024,

Fasset introduced Own, its Ethereum Layer 2, designed to expand access to decentralized finance

globally. Founded by Mohammad Raafi Hossain and Daniel Ahmed, and with offices in Dubai and
Jakarta, Fasset has raised $26.7 million in funding and holds regulatory approvals in several countries,

including the UAE, Indonesia, Malaysia, the EU, Turkey, Pakistan, and others.

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