Tap Global Group plc (LSE:TAP) has applied for its existing ordinary shares to be cross-traded on the OTCID Basic Market operated by OTC Markets in the United States, as the digital finance company looks to increase its visibility and accessibility among North American investors.
The proposed OTCID quotation would complement Tap Global’s primary listing on London’s AIM market rather than involve the issuance of a new class of shares. If approved, the arrangement could make it easier for U.S.-based investors to trade the company’s shares while potentially widening its shareholder base and improving secondary-market liquidity.
Management sees the move as an opportunity to strengthen Tap Global’s profile in the U.S., a major global centre for digital assets and cryptocurrency investment. Greater exposure to North American capital markets could also support the company’s broader international ambitions as it expands its regulated digital finance operations and develops its payments and crypto services.
Admission to the OTCID Basic Market remains subject to the necessary regulatory and market approvals, meaning there is currently no certainty that the application will result in a quotation.
Tap Global operates at the intersection of conventional financial services and digital assets, with more than 400,000 registered customers and a Mastercard-supported card that enables users to convert cryptocurrency into fiat currency for everyday spending.
More About Tap Global Group plc
Tap Global Group plc is a digital finance business offering traditional payment and cryptocurrency services through its Tap app for individual and business customers. Its platform provides access to more than 70 cryptocurrencies and connects with several major exchanges.
The company uses proprietary AI-powered middleware to identify pricing and execution opportunities across connected trading venues, with the aim of providing users with competitive real-time cryptocurrency transactions.
Tap Global Limited, the group’s European operation, became the first cryptocurrency fintech to secure Mastercard approval in Europe, allowing customers to convert digital assets into fiat currency and use the Tap card at millions of merchants worldwide.
The group operates under distributed ledger technology regulation in Gibraltar and also holds virtual asset service provider registration in Bulgaria as it positions its European operations within the evolving regulatory framework for digital assets, including the EU’s MiCA regime.
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