ISX Financial EU Plc has secured T2 access from the Central Bank of Cyprus, enhancing its operational independence for real-time gross settlement and cross-border payments in the European Union.
- ISX Financial EU Plc (ISXX) received authorization from the Central Bank of Cyprus to access T2, enabling direct management of market liquidity at Eurosystem central banks.
- This T2 access allows ISXX to perform real-time gross settlement, ensuring faster and more efficient cross-border SWIFT payments across the European Union.
- The company plans to connect to TIPS for multi-currency transfers in SEK and DKK, further enhancing its capabilities within the Eurosystem.
Why It Matters
This development is significant as it positions ISX Financial to leverage enhanced liquidity and operational independence, reflecting broader trends in digital payment solutions and financial innovation in the European Union.