#Cyprus #Nicosia #Banking Technology #Xryma Plc #XRY

Xryma Plc Granted Admission to Euronext Paris

In a major development for the banking technology sector, Xryma Plc has announced its approval for admission to trade its shares on Euronext Paris under the ticker symbol "XRY". This milestone, approved by the Cyprus Securities and Exchange Commission (CySEC), marks a pivotal moment for the company and is set to take effect on July 24, 2026. Xryma will have 110,079,450 ordinary shares listed, enhancing its visibility and accessibility in the European financial market.

Xryma Plc, headquartered in Nicosia, Cyprus, offers regulated services in cross-border open banking, international transactional banking, and real-time payment services within the EU and the UK. Additionally, the company provides independent banking technology solutions to other financial institutions, showcasing its versatile capabilities in the fintech environment. This move is expected to not only streamline operations for merchants but also enhance transaction volumes significantly.

The Strategic Importance of Euronext Listing

The admission to Euronext Paris signifies not just a listing but a strategic enhancement of Xryma's corporate profile in global markets. By gaining access to a leading European exchange, Xryma anticipates increased liquidity for its shares and improved brand recognition. The market aims to bolster the company's future endeavors by providing greater capital access, which is crucial for ongoing product expansion and innovation.

Chairman Takis Taoushanis expressed optimism about this achievement, emphasizing that it aligns the company's operations with the stringent governance and transparency standards that are hallmarks of leading European markets. The expected start of trading is poised to support Xryma's expansion plans and further establish its foothold in the competitive banking technology sector.

Economic Impact and Future Prospects

For fiscal year 2025, Xryma reported impressive revenues of 53.4 million Euros driven by transaction fees and revenues from their software services. The company's ability to process volumes of nearly 4 billion Euros showcases its robust infrastructure and demand for its solutions. The substantial growth reflects a well-engineered business model that has developed over seven years, catering to the evolving needs of both businesses and consumers in the finance sector.

Xryma's CEO, John Karantzis, stated, "We have built a comprehensive, regulated, and efficient payment platform that addresses the challenges within the fragmented global payments landscape today. Our technology facilitates a variety of transfer methods including traditional banking channels and digital currencies, making us more than just a payment service."

The anticipated admission at Euronext is projected to further diversify its shareholder base, potentially attracting other financial institutions and tech investors who recognize Xryma’s unique value proposition. This strategic maneuver underscores the importance of Cyprus as an international business hub, particularly with its favorable regulatory environment for fintech companies.

Conclusion

Xryma Plc’s successful approval for their prospectus and subsequent listing at Euronext Paris marks an essential step not only for their enterprise but also for Cyprus as a burgeoning center for banking technology. The officials involved in this cross-border admission process have played a significant role in facilitating Xryma's entrance into the competitive European market.

Investors interested in the innovative banking solutions underpinned by a transparent and effective corporate governance structure are encouraged to review the freely available information prospectus on Xryma's website. This development promises to enhance the company’s market positioning while delivering long-term value to its stakeholders and clients.

For further details about Xryma and their future offerings, visit their official website at xryma.com.