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Quetzal Capital PLC ( (GB:TAP) ) has shared an announcement.
Tap Global Group plc, a digital finance hub that combines fiat payment services with crypto trading and settlement, has built an international footprint serving over 400,000 customers across Europe, the U.S. and other markets. Through its app and Mastercard-linked card, users can trade, store and spend digital assets, benefiting from AI-driven pricing and a regulated structure spanning Gibraltar, Bulgaria and the U.S.
The company has acquired three billion XTP tokens from related party Tap N Go Ltd at no cost, a stake worth about US$1.8 million and representing roughly 30% of the token’s total supply. Management plans to deploy this sizable token reserve to fund cashback and loyalty rewards, user acquisition, trading promotions and referrals, creating one of the largest token treasuries on AIM and strengthening Tap’s balance sheet and strategic alignment with the XTP ecosystem.
Independent directors, advised by the company’s nominated adviser, concluded the related-party deal is fair and reasonable for shareholders, while CEO and major shareholder Arsen Torosian said the move bolsters Tap’s push to scale user growth and engagement. The transaction deepens integration between the Tap platform and XTP, positioning the tokens as a central tool to drive card usage, trading volumes and long-term ecosystem development as the group pursues its ambition to become a leading “crypto bank.”
More about Quetzal Capital PLC
Tap Global Group plc is a digital finance platform that integrates fiat payments with cryptocurrency trading and settlement through a single app. The company serves more than 400,000 individual and business customers, offering access to over 50 cryptocurrencies, real-time best execution via proprietary AI middleware, and a Mastercard-linked card that allows European users to spend converted crypto at millions of merchants worldwide.
Tap operates through regulated subsidiaries in Gibraltar, Bulgaria and the U.S., positioning itself as a bridge between traditional finance and blockchain-based services. Its European arm was the first cryptocurrency fintech approved by Mastercard in Europe, while its U.S. operations leverage third-party crypto infrastructure, underscoring a strategy built on regulatory compliance and international expansion.
Average Trading Volume: 1,285,526
Technical Sentiment Signal: Strong Sell
Current Market Cap: £644.2K
For a thorough assessment of TAP stock, go to TipRanks’ Stock Analysis page.