REG - Tap Global Group PLC - Acquisition of 3 Billion XTP Tokens

Tap GlobalAnnouncement

10/03/2026 07:00

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RNS Number : 9439V  Tap Global Group PLC  10 March 2026

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10 March 2026

 

Tap Global Group plc

("Tap Group" or the "Company")

 

Acquisition of 3 Billion XTP Tokens

 

Tap Group acquires billions of liquid XTP Tokens valued at US$1.8 million for
nil cost

 

Tap Global Group plc (AIM: TAP), an innovative digital finance hub that
brings money payments and crypto settlement services together in a single
user-friendly app, is pleased to announce it has acquired three billion XTP
tokens from Tap N Go Ltd ("Tap N Go") for nil cost. The tokens are worth
approximately US$1.8 million based on prevailing market prices.

 

XTP is one of the most actively traded tokens on the Tap platform, with strong
user adoption. Tap has over 32,850 users with an XTP balance on its platform,
demonstrating the high level of existing and potential future synergy. The
acquisition also strengthens Tap Group's balance sheet and digital asset
treasury, which includes 6.14 Bitcoin, and deepens the Tap-XTP ecosystem
integration as the tokens can be used for cashback rewards and other
incentives.

Background and Rationale

XTP is a digital token that has been available for trading on the Tap platform
since its launch in 2020. The token's utility is deeply integrated into Tap's
ecosystem, including fee discounts for users who elect to pay trading fees in
XTP, and cashback rewards of up to 8% on card spend through the existing
commercial agreement between Tap Group and Tap N Go, which was announced on 1
July 2024.

The acquisition of 3 billion XTP tokens provides the Company with a
significant strategic reserve to deploy across multiple growth initiatives,
including customer acquisition incentives, loyalty reward schemes, trading
volume promotions, and partnership development. This acquisition provides Tap
Group with one of the largest token treasuries of any AIM-listed company and
reinforces the mutually beneficial relationship between the Tap platform and
the XTP ecosystem.

As of the date of this announcement, the fully diluted market capitalisation
of the XTP token is approximately US$5.9 million The 3 billion XTP tokens
represent approximately 30% of the total token supply.

Planned Use of XTP Tokens

The Company intends to deploy the acquired XTP tokens strategically across the
following areas:

·    Cashback rewards programme: Expanding the existing XTP cashback on
card spend to drive user engagement and card transaction volumes

·    User acquisition incentives: Sign-up bonuses and first-trade rewards
denominated in XTP to accelerate new customer onboarding

·    Trading volume promotions: Time-limited trading fee rebates paid in
XTP to drive exchange volumes and revenue

·    Referral programme: XTP-denominated referral bonuses to drive organic
growth

·    Strategic reserve: Holding a meaningful position to support long-term
ecosystem development and potential future partnerships

Arsen Torosian, CEO of Tap Group, commented:

"Acquiring three billion XTP tokens valued at US$1.8 million at no cost to Tap
Group is a great deal for the Company and its shareholders. This acquisition
gives us a powerful strategic asset that we can deploy to accelerate user
growth, drive trading volumes, and deepen engagement across our platform.

As the owner of Tap N Go, and as Tap Group's largest shareholder, I believe we
can create more value for both Tap Group shareholders and XTP token holders
through this transaction and alignment.

XTP has always been deeply intertwined with Tap's platform, and this
acquisition cements that relationship. Our aim is to build the biggest crypto
bank, and this is another milestone on that journey."

Related Party Transaction

Tap N Go is controlled by Arsen Torosian, Chief Executive Officer and
Co-Founder of Tap Group. Accordingly, this acquisition constitutes a related
party transaction under AIM Rule 13.

The independent directors, being all of the directors other than Arsen
Torosian, consider, having consulted with SPARK Advisory Partners Limited, the
Company's Nominated Adviser, that the terms of the acquisition are fair and
reasonable insofar as the Company's shareholders are concerned.

Enquiries:

 Tap Global Group plc

 Arsen Torosian, Chief Executive Officer                   via Vigo Consulting
 SPARK Advisory Partners Limited (AIM Nominated Adviser)   +44 (0)20 3368 3555

 Andrew Emmott

 Angus Campbell
 Tennyson Securities (Joint Broker)                        +44 (0)20 7186 9030

 Peter Krens

 Alan Howard
 AlbR Capital (Joint Broker)                               +44 (0)20 7469 0930

 Gavin Burnell

 Jon Belliss

 Colin Rowbury
 Vigo Consulting (Investor Relations)                      +44 (0)20 7390 0230

 Ben Simons                                                tapglobal@vigoconsulting.com (mailto:tapglobal@vigoconsulting.com)

 Peter Jacob

Amelia Thorn

 

Investor website:

investor.tap.global (https://investor.tap.global/)

 

About Tap Global Group plc

 

Tap Global Group plc bridges the gap between traditional finance and
blockchain technology. It offers over 400,000 individual and business
customers an innovative and fully integrated fiat payments and cryptocurrency
settlement service including access to several major cryptocurrency exchanges.
Through the Tap app, customers can trade over 50 cryptocurrencies and store
them directly in their customer wallet, while benefiting from proprietary AI
middleware for real-time best-execution and pricing.

 

Tap Group's European business, Tap Global Limited, was the first
cryptocurrency FinTech company to be approved by Mastercard in Europe.
Through the Tap card, European users can convert their cryptocurrencies to
fiat and spend at more than 37 million merchant locations worldwide.

 

Tap Group's operating subsidiaries

 

Tap Global Limited serves the European customer base and is registered
in Gibraltar and licensed and regulated by the Gibraltar Financial Services
Commission under the DLT with licence No. 25532.

 

Tap's Bulgarian subsidiary has been granted a VASP registration by
the National Revenue Agency of Bulgaria in order to qualify for the EU MiCA
regulations grandfathering provisions.

 

Tap Americas LLC serves the US customer base and is a limited liability
company organised under the laws of the state of Florida. Cryptocurrency
services are provided by Zero Hash, a Chicago-based B2B2C crypto
infrastructure platform.

 

Follow us on social media:

LinkedIn: https://www.linkedin.com/company/tapglobal/
(https://www.linkedin.com/company/tapglobal/)  |
X: https://x.com/TapGlobalPlc (https://x.com/TapGlobalPlc)

 

 

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