IXO12 "direct monitoring" ... not "ASIO 2.0 direct monitoring"?

I just realized that you had previously posted something similar in the Cubase forum with the same response …

Record only works with ‘Monitor’ and ‘Loopback’ turned on on user interface - Cubase - Steinberg Forums

Anyway … I am going to assume you have figured it out by now. Very rude, however, not to reply to people who are trying to help.