Xryma Plc Joins ECB's T2 Real-Time Gross Settlement Network
Cyprus-based Xryma Plc has connected to the ECB's T2 RTGS network, enabling cross-border euro payments to settle in seconds rather than days.
Xryma Plc, a Cyprus-headquartered banking technology group specializing in regulated cross-border open-banking services, has begun operations on the European Central Bank's T2 real-time gross settlement network, the company announced September 24, 2026, from Nicosia.
The move marks a significant milestone for the fintech, which positions itself as a provider of international payment infrastructure. Connecting to T2 — the ECB's core interbank payment rail — allows Xryma to process euro-denominated cross-border transactions in a matter of seconds, a stark improvement over traditional correspondent-banking arrangements that can take multiple business days to clear and settle.
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Real-time gross settlement systems like T2 process each payment transaction individually and immediately, eliminating the batching delays associated with older clearing models. For a banktech firm targeting international clients, direct participation in T2 grants Xryma access to one of the most systemically important payment infrastructures in the eurozone, potentially reducing counterparty risk and operational friction for its customers.
The development reflects a broader trend of non-bank fintech entities seeking direct or sponsored access to central bank payment systems as regulators across Europe work to modernize financial market infrastructure and lower barriers for regulated technology firms. Xryma's entry into T2 signals growing acceptance of banktech players within the core plumbing of European finance.
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