Tap Global signs on London BTC Company as a client

Tap Global said on Friday that it has onboarded London BTC Company as a client for its institutional Bitcoin treasury-as-a-service (BTaaS) platform, marking its second listed corporate customer since launching the product earlier this week.

Source: Sharecast

The AIM-traded digital finance firm said London BTC Company, which is listed on the London Stock Exchange’s main market, would use the BTaaS platform to manage elements of its Bitcoin treasury operations, including transaction execution and fiat-to-crypto conversion.

It said it was building a Bitcoin treasury through mining activities and strategic acquisitions.

“We are pleased to welcome London BTC Company as a client of our Bitcoin treasury-as-a-service platform,” said chief executive Arsen Torosian.

“They are a London Stock Exchange-listed company with an ambitious Bitcoin strategy, and we're well-placed to support their operations with our proven, institutional-grade solution.”

He added that the agreement “demonstrates continued traction for our BTaaS offering and the quality of services being developed within the UK's digital asset sector”.

London BTC Company’s CEO, Hewie Rattray, added: “Tap Group's platform provides capabilities that complement our treasury infrastructure.

“We're pleased to work with a fellow UK-listed company as we continue to execute our strategy.”

At Friday's close, shares in Tap Global Group were up 3.57% at 2.9p.

Reporting by Josh White for Sharecast.com.

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