Built on its exchange foundation, Tap also offers consumer and corporate crypto-fiat banking services and DeFi yield products. Tap's mission is to create a seamless and fully regulated bridge that links fiat banking, traditional assets and crypto markets. Tap Global is a leading regulated and fully integrated crypto-fiat exchange service provider with an associated neo banking platform.
Learn more about Quetzal: About Tap Global Recognising the potential of neo banking, AI and DeFi, Quetzal Capital invested in Tap Global, the fast growing crypto-fiat exchange service provider. Quetzal Capital was established to invest in high growth companies in the technology, e-commerce, and lifestyle sciences sectors. Public and Investor Relations Vigo Consulting Ben Simons / Charlie Neish: +44 (0)20 7390 0230 Quetzal Capital Plc Fungai Ndoro: +44 (0)20 3813 0175ĪQSE Growth Market Corporate Adviser Peterhouse Capital Limited Guy Miller / Mark Anwyl: +44 (0)20 7469 0930 The Directors of the Company accept responsibility for the contents of this announcement. By adding another potentially significant revenue stream, Tap is pressing its advantage over simple 'buy bitcoin' platforms and enhancing its diversified B2B offering." The launch of CaaS highlights the value of Tap's regulated status and its intention to become a genuinely full-service fintech provider to both companies and individuals. John Taylor, Chairman of Quetzal, commented: "We invested in Tap because of its massive potential to scale, its regulated status, its unique technology and its integrated approach to providing financial services. Quetzal has an option to acquire 100% of Tap and has invested £1.5 million in the business by way of a convertible loan.
Tap's CaaS solution is deployable immediately and Tap is in active discussions with potential clients. Beyond the UK, Tap's far-reaching regulation will allow it to offer CaaS in the 45 countries in which it operates. In the UK alone, dozens of neo banks and trading platforms that might want to enter the cryptocurrency market are unable do so due to the high commercial, technological and regulatory barriers to entry. Clients will be able to maintain their own branding, tailor Tap's offering to meet their requirements, and operate under Tap's Gibraltar Financial Services Commission regulation.īy using Tap to enhance their offering, future Tap CaaS clients will be able to offer their customers access to the multi-billion-pound cryptocurrency trading market without the timely and expensive outlay of building their own solution and applying for regulated status, which can take up to two years to obtain. Tap's CaaS will enable organisations which are already regulated to offer financial services and products, such as banks, neo banks, and trading platforms, to embed cryptocurrency trading services into their existing customer offering by using Tap's proprietary technology as an engine.
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