What Is xMoney? The Payments Company Behind XMN
xMoney is a European payments company and the issuer of XMN. What it sells, where it came from, which entities hold its licences, and what the XMN token does.
xMoney is a European payments company that sells card acceptance, billing, payouts, card issuing and crypto payment tools to businesses. It also issues XMN, the token that replaced UTK in 2025 and now runs on both Sui and MultiversX. Every company fact below comes from xMoney's own pages.
What xMoney sells
The xMoney website lists these products for businesses:
- Payments: checkout and payment UIs that accept cards, mobile wallets, local payment methods and digital currencies.
- Recurring billing: subscription management with retries for failed charges and payment reminders.
- Marketplaces: seller onboarding, split payments, automated payouts and reconciliation.
- Issuing: physical and virtual cards, including branded cards that can be added to Apple Pay and Google Pay.
- Crypto invoicing and payment links: invoices and shareable links that a client can pay in crypto or in fiat.
- Stablecoins: EURXM, USDXM and RONXM, euro, US dollar and Romanian leu tokens that xMoney announced in December 2025 and lists under a "2026 delivery plan" on its stablecoins page.
For crypto payments, the site names Bitcoin, Ether, EGLD and SUI among the accepted currencies. A customer paying a merchant through xMoney does not need to hold XMN.
Where xMoney came from
xMoney grew out of the MultiversX ecosystem. In a September 2025 post, xMoney describes how the company merged with Utrust, a crypto-payments provider, and that "the MultiversX ecosystem inherited the UTK token" through that deal. It also says it added Twispay, a payments company, "through acquisition". If you want the chain side of that history, our guide to EGLD and MultiversX covers the network itself.
On 30 September 2025 xMoney announced $21.5 million in strategic funding, led by the Sui Foundation with MultiversX continuing its backing. The same announcement put the merchant base at "more than 5,000 merchants worldwide" and described the company as "a MiCA-compliant Licensed Electronic Money Institution (EMI)". In June 2026 xMoney said it had become the first Mastercard issuer to launch Mastercard Payment Passkey.
Licences and regulatory status
xMoney's footer is the most current statement of who does what, and it names separate legal entities for separate services:
| Service | Entity named by xMoney | Status as stated |
|---|---|---|
| Card payments | Capital Financial Services S.A. | "A licensed financial institution in Romania", PCI DSS compliant |
| Crypto-asset services | Cifralfabeto, Unipessoal Lda. | Suspended while its MiCA CASP application is assessed by Banco de Portugal |
| XMN token issuer | xMoney Labs AG, Vaduz, Liechtenstein | White paper version 3.0 notified to the FMA Liechtenstein on 16 April 2026 |
The site also says xMoney is a principal member of Visa and Mastercard and holds PCI DSS Level 1 certification. The crypto line matters if you plan to use xMoney's crypto services from the EU today: they are paused until the CASP authorisation comes through, and xMoney says they "will resume in accordance with the terms of the authorisation." The pause covers crypto-asset services; card payments run through the separate Romanian entity.
MiCA authorisation brings customer due diligence with it. An authorised CASP has to verify who its customers are before serving them, which is why exchanges and payment firms in the EU run identity checks through providers such as iDenfy. Our list of MiCA-compliant stablecoins shows which issuers already hold the licences xMoney is applying for.
What XMN does for xMoney
XMN is the xMoney token. According to the token page and the XMN white paper 3.0, it gives holders:
- lower fees for merchants that hold or stake it,
- staking rewards, with pools on Sui and MultiversX at stake.xmoney.com,
- loyalty points, cashback and early access to new features,
- votes on some platform proposals, but not on xMoney Labs AG's corporate decisions.
The white paper is explicit that these rights come "solely by virtue of token ownership" and carry no ownership of, profit share in, or claim against the company. The token page adds that "XMN does not represent an investment, financial instrument, or promise of profit."
| XMN fact | Value | Source |
|---|---|---|
| Maximum supply | 10,000,000,000 XMN | White paper 3.0 |
| Circulating at launch | About 650,000,000 XMN | White paper 3.0, token page |
| Launch | October 2025, on Sui | Token page |
| MultiversX deployment | 7 April 2026, ESDT XMN-cfe145 | xMoney blog, token page |
| Moving between chains | 1:1 through xMoney's bridge | Token page |
The largest allocation, 30%, goes to community, loyalty and merchant incentives and vests over seven years. Team and investor allocations have a 12-month cliff followed by 36 months of vesting. The full schedule is in the white paper.
UTK and the move to XMN
Before XMN, the xMoney ecosystem token was UTK, the Utrust token on MultiversX. In September 2025 UTK holders voted on replacing it, and xMoney reported 93.74% in favour. Holders could take XMN one to one with a six-month lock, or three UTK for one liquid XMN. The full walkthrough, including how XMN moves between MultiversX and Sui today, is in our XMN and UTK to XMN migration guide.
Where JewelSwap fits
JewelSwap is not part of xMoney. We run JWLXMN, a derivative of XMN on Sui: you convert XMN into JWLXMN one to one and stake it for a share of the rewards that the deposited XMN earns in xMoney's own staking. Since 8 November 2026 there is also a JWLXMN/XMN pool on Cetus. The JWLXMN introduction explains the token, and our overview of Sui DeFi platforms shows where it sits among other Sui protocols.
Questions
Is xMoney the same as Utrust?
xMoney is the company that came out of the Utrust merger and the Twispay acquisition. The Utrust token, UTK, was replaced by XMN after the September 2025 vote.
Is xMoney regulated?
Its card payments run through Capital Financial Services S.A., which xMoney describes as a licensed financial institution in Romania. Its crypto-asset services are suspended while a MiCA CASP application is assessed by Banco de Portugal. The XMN white paper was notified to the FMA in Liechtenstein.
Which blockchains does XMN use?
Sui, where it launched in October 2025, and MultiversX, where it went live on 7 April 2026. xMoney says XMN moves between them one to one.
Do I need XMN to pay a merchant that uses xMoney?
No. Customers pay by card, wallet, local method or crypto. XMN is for merchants and holders who want fee discounts, staking or loyalty benefits.
