20th Oct 2025 11:56
(Alliance News) - Tap Global Group PLC on Monday reported a "major strategic milestone" as it launched its institutional bitcoin treasury service.
Shares in the provider of app-based cryptocurrency payment and settlement services climbed 23% to 2.64 pence on Monday morning in London.
London-based Tap Global described the service offering as a comprehensive, institutional-grade platform that is designed for quoted companies adopting bitcoin as a primary treasury reserve asset.
Tap Global added that the platform provides corporate clients with complete, end-to-end solutions that feature global liquidity, fiat-to-crypto conversion and comprehensive reporting.
The company said one of the UK's largest listed bitcoin treasury holders has already used the system to execute most of its bitcoin purchases during testing.
"The launch of our bitcoin treasury as a service is a major strategic milestone for Tap and a logical evolution of our B2B offering. What began as a bespoke project for one of the UK's top bitcoin treasury holders has, over the past three months of rigorous testing and live transaction execution, proven itself as a scalable, institutional-grade solution," said Chief Executive Arsen Torosian.
By Christopher Ward, Alliance News reporter
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