Tap Global becomes the first crypto service app to list on a UK stock exchange in 2023.
Tap Global has raised a new £3.1 million in the capital.
The UK-based cryptocurrency app Tap Global becomes the first new member of 2023 to be listed on the Aquis Stock Exchange (AQSE), according to a press statement issued by the organization on January 10. The Company, formerly known as Quetzal Capital Plc ‘Quetzal’, has been listed on AQSE as a result of its reverse takeover acquisition of Tap Global Limited.
Tap Global CEO, David Carr stated that;
Our focus on regulation and customer protection that sets us apart from less responsible operators… As firms that have not shown proper care in safeguarding assets fall to one side, the market will mature, leaving fully regulated and responsible firms, such as Tap, well-positioned to succeed…
Quetzal Acquisition
Tap Global, which is managed in Gibraltar, intends to bridge the technological gap between conventional finance and blockchain technology. By offering traditional banking and cryptocurrency swap services together. Also, it allows users access to the staking and DeFi protocols.
Quetzal exchanged £20.5 million ($24.9 million) of its own stock for control of Tap Global. Also, the licensed cryptocurrency app raised £3.1 million ($3.8 million) in the capital while it joins the market. These funds will boost marketing spend and support worldwide expansion.
Since FTX’s bankruptcy in November, regulators and users have started paying closer attention to cryptocurrency exchange apps. However, this recent listing by Tap Global indicates that some crypto services are still succeeding in all of the industry’s difficulties.