Tap Global Group plc (LSE:TAP) has continued to expand its digital finance ecosystem, reporting strong growth in its Tap Earn product as it seeks to diversify revenue streams beyond cryptocurrency trading activity.
The company’s platform combines traditional fiat payment services with cryptocurrency settlement capabilities, allowing retail and business customers to manage digital assets and conventional payments through a single application. Through the Tap app, users can trade and hold a range of cryptocurrencies using AI-powered best execution technology, while the Tap card enables European customers to spend converted crypto funds at more than 37 million merchant locations worldwide.
Tap Earn Assets Under Management Grow Rapidly
Tap said assets under management within its Tap Earn product have exceeded US$5 million, representing a 43% increase since mid-May.
The growth has been achieved despite a broader period of weakness across cryptocurrency markets, suggesting continued customer interest in yield-generating digital asset products. Management views the expansion as an encouraging sign that the offering is gaining traction among users seeking alternative ways to generate returns on their crypto holdings.
Stablecoin Yields Increased to Support Recurring Revenue Strategy
The company has also increased yields available on supported stablecoins to as much as 8.0%.
Tap believes the Tap Earn product can help create a more predictable, asset-based revenue model that is less reliant on transaction and trading volumes. By growing assets under management, the group aims to develop recurring income streams that may prove more resilient during periods of market volatility.
However, the company noted that yield-generating crypto products carry inherent risks for customers and create additional operational and market exposure for the business.
Focus on Expanding Digital Finance Services
The continued development of Tap Earn forms part of a broader strategy to strengthen Tap’s position as a digital finance platform serving both individual and business users.
By combining payments, digital asset trading, custody and spending functionality within a single ecosystem, the company aims to increase customer engagement and broaden the range of services available across its platform.
More About Tap Global Group plc
Tap Global Group plc is a digital finance company that integrates traditional payment services with cryptocurrency functionality through a unified mobile platform. The business serves more than 400,000 retail and corporate customers and offers access to over 70 cryptocurrencies alongside digital wallets and payment solutions.
Through its Tap app and Mastercard-approved payment card, users can trade, store and spend digital assets across millions of merchant locations. The company operates under regulatory frameworks in Gibraltar and Bulgaria as it continues to expand its presence in the evolving digital finance sector.