Tap Global Group plc (LSE:TAP), a digital finance platform that combines traditional payment services with cryptocurrency trading and settlement, serves more than 400,000 customers across Europe, the United States, and other international markets. Through its mobile app and Mastercard-linked payment card, users can buy, store, and spend digital assets, supported by AI-driven pricing technology and a regulated operational 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. The holding is valued at approximately US$1.8 million and represents around 30% of the token’s total supply. Management intends to use the token reserve to support cashback and loyalty programmes, user acquisition initiatives, trading promotions, and referral incentives. The transaction creates one of the largest token treasuries among AIM-listed companies and strengthens Tap’s balance sheet while aligning the group more closely with the XTP ecosystem.
Independent directors, with guidance from the company’s nominated adviser, determined that the related-party transaction is fair and reasonable for shareholders. Chief executive and major shareholder Arsen Torosian said the move supports Tap’s strategy to accelerate user growth and platform engagement. By further integrating the XTP token into its platform, the company aims to increase card usage, boost trading activity, and support the long-term development of its ecosystem as it works toward its goal of becoming a leading “crypto bank.”
More about Tap Global Group plc
Tap Global Group plc is a digital finance platform that integrates fiat payment services with cryptocurrency trading and settlement through a single application. The company provides access to more than 50 cryptocurrencies and offers real-time best execution through proprietary AI middleware. Its Mastercard-linked card enables European customers to spend converted digital assets at millions of merchants worldwide.
The group operates through regulated subsidiaries in Gibraltar, Bulgaria, and the United States, positioning itself as a bridge between traditional financial services and blockchain-based technology. Its European business was the first cryptocurrency fintech approved by Mastercard in the region, while its U.S. operations rely on third-party crypto infrastructure as part of a strategy focused on regulatory compliance and international expansion.
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