Xryma Means “Money” in Greek. Its Euronext Paris Debut Won’t Raise Any
Xryma, which was recently rebranded from ISX Financial EU, has received approval from the Cyprus Securities and Exchange Commission for the prospectus governing the admission of its ordinary shares to trading on the regulated market of Euronext Paris.
CySEC approved the document on July 14, and it will now be passported to France through the Autorité des marchés financiers. Trading under the ticker XRY is expected to begin on July 24, pending Euronext Paris’s own sign-off.
The Nicosia-based company describes itself as a banktech group offering regulated cross-border open banking, international transactional banking and real-time EU and UK payment services, alongside a separate line of business licensing banking software to third-party banks and financial institutions.
A Technical Listing with No Capital Raised
The admission will take the form of a direct listing. Xryma is not issuing new shares, existing shareholders are not selling stock, and no funds will be raised as part of the process. A total of 110,079,450 ordinary shares, each with a nominal value of €0.07, will be admitted to trading in euros.
According to the announcement, the Xryma Group generated €53.4 million in fee-based, transaction-driven revenue in FY25, including other income, while processing roughly €4.0 billion in own transaction volume. Its software subsidiary, Probanx, separately processed €206.7 billion in SaaS volume on behalf of client banks and financial institutions, monetised through licensing rather than transaction fees.
The company says it has been profitable for seven consecutive years.
Dear Xryma Plc Shareholder,@FinancialIsx
The listing process is coming closer, and we are targeting by end of July to be listed on the Preferred Exchange.
We are aware of the complexity of onboarding shareholders to an EU broker from outside Europe.
The EU CSD is the…
— N Karantzis (@Yianni_x) June 6, 2026
Xryma holds Electronic Money Institution authorisations in both the EU and UK and states it is among the first non-bank participants connected directly to the Eurosystem’s T2 real-time gross settlement and TIPS instant payment platforms. Its open-banking product, PaidBy, offers account-to-account payments with dynamic currency conversion. The company also lists an electronic-money token, XrymaCoin (XREUR), as forthcoming.
Non-Executive Chairman Takis Taoushanis said the prospectus approval reflected the outcome of a “rigorous preparation process” overseen by the board. Group CEO Nikogiannis (John) Karantzis said the listing was expected to widen the shareholder base beyond the financial institutions that already hold roughly a quarter of the register.
The company named Aldebaran Advisors, All Invest Securities, CDB Global Securities, Morgan Lewis and Chrysses Demetriades among the advisers on the deal.
A Strategic Rebranding?
Xryma Plc adopted its current name in March 2026, when shareholders of the former ISX Financial EU approved a corporate rebrand. The change applied to the parent entity only; the group’s EEA-authorised electronic money institution continues to trade as ISX Financial. The name Xryma derives from the Greek word for money, χρήμα.
Karantzis earlier also led iSignthis, an Australian Securities Exchange-listed payments and identity verification firm, whose shares were suspended from ASX trading in October 2019 amid a regulatory review.
The Australian Securities and Investments Commission subsequently sued the company and Karantzis over disclosure failures. In June 2024, the Federal Court of Australia ruled that iSignthis, by then renamed Southern Cross Payments, had misled investors about the proportion of its revenue derived from one-off fees and had failed to disclose the termination of a Visa agreement.
The court did not uphold ASIC’s separate claims that Karantzis had failed to act in good faith as a director, finding the regulator had not met the required standard of proof.
Karantzis stepped back from Southern Cross Payments in 2021 to run the Cyprus-incorporated ISX Financial, now Xryma.
Should Euronext Paris grant final approval, Xryma’s listing would add a Cypriot regulated payments group to a Paris market whose current fintech and payments listings remain comparatively limited. The company said the move was intended to set a precedent for other Cypriot firms considering a similar route onto the French exchange.
Xryma, which was recently rebranded from ISX Financial EU, has received approval from the Cyprus Securities and Exchange Commission for the prospectus governing the admission of its ordinary shares to trading on the regulated market of Euronext Paris.
CySEC approved the document on July 14, and it will now be passported to France through the Autorité des marchés financiers. Trading under the ticker XRY is expected to begin on July 24, pending Euronext Paris’s own sign-off.
The Nicosia-based company describes itself as a banktech group offering regulated cross-border open banking, international transactional banking and real-time EU and UK payment services, alongside a separate line of business licensing banking software to third-party banks and financial institutions.
A Technical Listing with No Capital Raised
The admission will take the form of a direct listing. Xryma is not issuing new shares, existing shareholders are not selling stock, and no funds will be raised as part of the process. A total of 110,079,450 ordinary shares, each with a nominal value of €0.07, will be admitted to trading in euros.
According to the announcement, the Xryma Group generated €53.4 million in fee-based, transaction-driven revenue in FY25, including other income, while processing roughly €4.0 billion in own transaction volume. Its software subsidiary, Probanx, separately processed €206.7 billion in SaaS volume on behalf of client banks and financial institutions, monetised through licensing rather than transaction fees.
The company says it has been profitable for seven consecutive years.
Dear Xryma Plc Shareholder,@FinancialIsx
The listing process is coming closer, and we are targeting by end of July to be listed on the Preferred Exchange.
We are aware of the complexity of onboarding shareholders to an EU broker from outside Europe.
The EU CSD is the…
— N Karantzis (@Yianni_x) June 6, 2026
Xryma holds Electronic Money Institution authorisations in both the EU and UK and states it is among the first non-bank participants connected directly to the Eurosystem’s T2 real-time gross settlement and TIPS instant payment platforms. Its open-banking product, PaidBy, offers account-to-account payments with dynamic currency conversion. The company also lists an electronic-money token, XrymaCoin (XREUR), as forthcoming.
Non-Executive Chairman Takis Taoushanis said the prospectus approval reflected the outcome of a “rigorous preparation process” overseen by the board. Group CEO Nikogiannis (John) Karantzis said the listing was expected to widen the shareholder base beyond the financial institutions that already hold roughly a quarter of the register.
The company named Aldebaran Advisors, All Invest Securities, CDB Global Securities, Morgan Lewis and Chrysses Demetriades among the advisers on the deal.
A Strategic Rebranding?
Xryma Plc adopted its current name in March 2026, when shareholders of the former ISX Financial EU approved a corporate rebrand. The change applied to the parent entity only; the group’s EEA-authorised electronic money institution continues to trade as ISX Financial. The name Xryma derives from the Greek word for money, χρήμα.
Karantzis earlier also led iSignthis, an Australian Securities Exchange-listed payments and identity verification firm, whose shares were suspended from ASX trading in October 2019 amid a regulatory review.
The Australian Securities and Investments Commission subsequently sued the company and Karantzis over disclosure failures. In June 2024, the Federal Court of Australia ruled that iSignthis, by then renamed Southern Cross Payments, had misled investors about the proportion of its revenue derived from one-off fees and had failed to disclose the termination of a Visa agreement.
The court did not uphold ASIC’s separate claims that Karantzis had failed to act in good faith as a director, finding the regulator had not met the required standard of proof.
Karantzis stepped back from Southern Cross Payments in 2021 to run the Cyprus-incorporated ISX Financial, now Xryma.
Should Euronext Paris grant final approval, Xryma’s listing would add a Cypriot regulated payments group to a Paris market whose current fintech and payments listings remain comparatively limited. The company said the move was intended to set a precedent for other Cypriot firms considering a similar route onto the French exchange.
