Page 67 - Skyro PR Report - October 2025

Ajman bank, fasset launch shariah-compliant virtual asset solutions
Additionally, stablecoin payment rails and institutional trading systems will
be embedded to enhance cross-border payments, liquidity, and operational
efficiency.

“This partnership is a reflection of our commitment to delivering future-ready

financial services that remain true to our values,” said Mustafa Al
Khalfawi, CEO of Ajman Bank. “By embedding digital asset solutions within a
Shariah-compliant framework, we are expanding access to new forms of value

creation and enabling customers to participate in the digital economy without
compromising on trust or principles.”

The Fasset–Ajman Bank partnership highlights growing regional demand for
compliant and inclusive digital financial solutions across the UAE and the

wider Islamic Belt. By combining blockchain technology with the trust and
rigor of Islamic banking, both institutions are paving the way for a more

transparent, ethical, and future-ready financial ecosystem.

Fasset Partners with Skyro UAE to Boost

Cross-Border Payments

In addition to the partnership with Ajman Bank, Fasset has signed a MoU

with Skyro UAE, a digital financial technology group, to drive innovation in
cross-border financial services across the GCC. The agreement, signed at
GITEX 2025, was formalized by Arsen Liametov, Co-Founder and Co-CEO of

Skyro, and Daniel Ahmed, COO and Co-Founder of Fasset, with Skyro’s
senior leadership in attendance.

Under the MoU, Skyro UAE and Fasset will develop retail international
transfer solutions powered by stablecoins, enabling faster, more secure,

and cost-efficient cross-border remittances. The collaboration will also
explore avenues to develop and distribute tokenized assets, combining

Skyro’s expertise in financial accessibility and lending platforms with Fasset’s
blockchain and digital asset capabilities. Both parties will actively engage
with regulators to ensure responsible and compliant innovation.

“Partnering with Skyro UAE enables us to further our shared goal of building

inclusive and innovative financial ecosystems,” said 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 in the region.”

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