Xryma Plc said the Cyprus Securities and Exchange Commission has approved its prospectus for the admission of the company’s ordinary shares to trading on the regulated market of Euronext Paris, clearing a key regulatory step toward a planned direct listing in France.
The Nicosia-based banktech group expects 110,079,450 ordinary shares to begin trading under the ticker symbol “XRY” on July 24, 2026, subject to final approval from Euronext Paris. The company said the admission would be made through a direct listing, meaning no new shares will be issued and no capital will be raised as part of the transaction.
The approved prospectus has been passported to France through the Autorité des marchés financiers, the French financial markets regulator. Xryma said the document is expected to be published electronically in mid-July through the company’s website and the websites of the relevant regulators.
The approval gives Xryma a route onto one of Europe’s main regulated equity markets at a time when financial technology companies are seeking greater visibility, stronger market access and broader recognition from corporate clients. The company said the Paris listing is intended to improve share liquidity, strengthen transparency and raise awareness of its brands across the European financial technology sector.
The company also said the listing could set a precedent for Cypriot firms seeking admission to France’s main regulated exchange, particularly companies operating in regulated financial services and cross-border payments.
Direct listing planned without new share issue
Xryma’s planned market entry will not involve the sale of newly issued shares. In a direct listing, existing shares are admitted to trading on a stock exchange, but the company does not raise fresh funds through a public offering.
That structure differs from a traditional initial public offering, where a company typically issues new shares or sells existing shares through underwriters. Xryma’s approach means the company is seeking public market trading, a regulated venue and greater market visibility without diluting existing shareholders through a new share issue at the point of admission.
The company said the prospectus complies with the EU Prospectus Regulation and applicable Cyprus law. CySEC acts as the competent authority for approval of the prospectus, while the AMF handles the French registration process after passporting into France.
The indicative timetable currently sets July 14, 2026, for formal publication of the prospectus and July 24, 2026, for the start of unconditional trading on Euronext Paris. Both dates remain subject to confirmation, including final approval by Euronext Paris.
What Xryma does
Xryma describes itself as a banktech firm focused on regulated cross-border open banking, real-time payments in the European Union and the United Kingdom, and software services for financial institutions.
The group provides infrastructure that allows corporate clients and payment networks to move and settle funds through several channels, including central bank systems, card networks and electronic money platforms. Its services are aimed at businesses that require fast, regulated movement of money across borders and currencies.
Xryma operates through licensed electronic money and software platforms. The company holds Electronic Money Institution licences in the EU and the UK, giving it regulated status in two major European financial jurisdictions.
The company is also one of the relatively small number of non-bank participants with direct access to the Eurosystem’s T2 real-time gross settlement system and TIPS, the Eurosystem service for instant payments. Direct access to those systems is an important feature for payment businesses because it can reduce reliance on intermediary banks and can support faster settlement.
Its product suite includes multi-currency corporate accounts and PaidBy®, an open banking system designed to support cross-border account-to-account payments. PaidBy® also includes dynamic currency conversion, allowing customers to see and lock in exchange rates during the payment process.
Revenue and payment volumes
Xryma reported fee-based and transaction-led revenue of €53.4 million for fiscal year 2025. The group said it processed €4.0 billion in its own payment volume during the same period.
Its subsidiary, Probanx®, processed €206.7 billion in software-as-a-service volume for client banks. Probanx® provides banking software and related technology services, giving the wider group exposure not only to payment flows handled directly by Xryma but also to bank clients using its software infrastructure.
The company said its platform has been profitable since being established seven years ago. It also reported that net assets reached €59 million by the end of 2025, while total own funds rose 42% to €49 million.
Those figures show a business model built around transaction activity, regulated payment access and software services rather than lending. For market participants, that distinction is important because Xryma presents itself as a payments infrastructure and financial technology company, not as a traditional bank.
Why Euronext Paris matters
Euronext Paris is one of Europe’s largest regulated markets and is part of the wider Euronext group, which operates exchanges across several European countries. Admission to the Paris market can give a company access to a broader base of traders, analysts and institutions that follow listed European financial technology and payment businesses.
For Xryma, the planned admission is meant to provide a public reference point for the company’s valuation and performance. A regulated listing can also create a clearer framework for disclosure, governance and secondary-market trading.
The company said the move is expected to improve corporate transparency. Listed companies on regulated markets are subject to disclosure standards and ongoing reporting requirements, which can make financial performance and corporate changes easier to track.
The listing may also help Xryma raise its profile with banks, merchants, payment networks and corporate clients. In financial technology, trust and regulation are often central to customer selection, particularly when a company is handling cross-border payments or access to settlement systems.
Role of central bank payment access
A major part of Xryma’s positioning is its connection to central bank settlement infrastructure. The company says its direct access to T2 and TIPS helps it support faster and more reliable payment services.
T2 is the Eurosystem’s real-time gross settlement platform, used for high-value euro payments and central bank money settlement. TIPS supports instant payment settlement in central bank money, allowing payments to be completed rapidly at any time the service is available.
For payment companies, direct or near-direct links to these systems can reduce dependence on correspondent banks or traditional clearing chains. That can be particularly relevant for businesses that need to move funds across borders, manage liquidity, or process payments outside standard banking hours.
Xryma has said its system connects ordinary bank accounts with faster retail payment structures. In practice, that means customers can use account-based payment paths instead of relying only on card networks or slower clearing systems.
The company has presented this model as a way to support real-time settlement for active buyers and sellers. Faster settlement can reduce waiting periods, improve cash flow and make payment confirmation more predictable for merchants and corporate clients.
Open banking and account-to-account payments
Open banking allows licensed providers to connect with bank accounts through regulated application programming interfaces, commonly known as APIs. These connections can be used to initiate payments, verify accounts or provide financial information services, depending on the permissions granted and the regulatory framework in place.
Xryma’s PaidBy® product focuses on account-to-account payments, which are often viewed as an alternative to card-based transactions. Account-to-account payments can move money directly from one bank account to another, reducing some card processing steps and potentially lowering costs for certain types of merchants.
The company’s system also supports cross-border payments with dynamic currency conversion. That feature can be useful for merchants and business customers operating across multiple markets because it gives clearer visibility on exchange rates at the moment of payment.
Cross-border payments remain a difficult area for many businesses because of fees, timing differences, bank cut-off times and compliance checks. Xryma’s strategy is to combine regulated electronic money services, central bank access and payment software to address those frictions.
Relevance for digital asset and high-volume payment businesses
The company’s infrastructure may also be relevant for businesses that handle frequent fiat transfers linked to digital assets, online marketplaces or high-volume trading activity. These businesses often need rapid movement between regular currencies and digital asset platforms, while still remaining inside regulated payment channels.
Businesses active in digital asset markets can face operational challenges when traditional retail banks delay transfers, pause account activity or do not process payments outside normal business hours. Xryma’s central bank-linked model is designed to reduce reliance on intermediary bank routes and support faster movement of client funds through licensed e-money arrangements.
The company has described its broader group as a digital link for cross-border money flows across 60 countries. Statements attributed to company leadership said the shift from the group’s earlier business identity to the Xryma brand reflects a wider international reach and a more integrated payments model.
Another company statement said additional data links to the main central network are expected to be activated during the fourth quarter of 2026. According to the company, the added payment route is intended to help maintain transfer continuity if older banking nodes or legacy routes experience disruption.
The company has not presented the listing as a cryptocurrency-specific transaction. Its core business remains regulated payment infrastructure, open banking, electronic money and banking software. However, any business that depends on fast settlement, including digital asset service providers, marketplaces and international merchants, may view direct access to payment rails as an operational advantage.
Advisers and regulatory process
Several advisers are assisting Xryma with the listing process. The company named Aldebaran Advisors, All Invest Securities, CDB Global Securities, Morgan Lewis and Chrysses Demetriades among the firms involved.
CySEC is responsible for prospectus approval as the competent authority in Cyprus. The AMF manages the registration of the prospectus in France under the EU passporting framework.
Passporting allows a prospectus approved in one EU member state to be used in another member state after notification to the relevant regulator. That process helps companies access capital markets across the European Union without having to prepare entirely separate prospectuses in each country, provided the required regulatory steps are completed.
For Xryma, the process means a Cyprus-approved prospectus can support admission to trading in France, with the AMF handling the French side of the registration.
Next steps before trading begins
The next major step is publication of the approved prospectus, expected on July 14, 2026. Once published, the document should provide detailed information on Xryma’s business, financial position, risk factors, governance and share admission plans.
Trading is expected to begin on July 24, 2026, under the symbol “XRY,” provided Euronext Paris gives final approval and all remaining conditions are satisfied.
Until then, the timetable remains indicative. The company has stated that admission is planned on an unconditional basis once the required approvals are complete.
If successful, Xryma will become a publicly traded financial technology group on the regulated market of Euronext Paris, with a business model centered on electronic money, open banking, real-time payments and software services for banks and corporate clients.
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