Tap plans to build what it calls the UK's largest income-generating digital asset treasury, deploying reserves through its existing Tap Earn yield programme rather than holding assets passively.

It said full-year revenue and adjusted EBITDA both came in ahead of market expectations, as its Tap Earn yield product grew assets 61% in three months.

It has gone live with Stabld, a proprietary stablecoin suite, positioning it as the foundation for an end-to-end settlement layer across its payment ecosystem.

Tap Global Group has enabled customers to receive salaries and third-party payments directly into their Tap accounts via SEPA, removing the need for an intermediary bank account.

Tap Earn assets under management increased roughly 43% to more than US$5m versus US$3.5m on 18 May, driven by net customer deposits during a recent crypto price drawdown.