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Tap Global's crypto yield product hits $5M AUM, shares jump 20% despite crypto price drop

Market News
15 Jun 2026
Proactive Investors
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Bullish
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Tap Global Group PLC reported a 43% increase in assets under management (AUM) for its Tap Earn crypto yield product, reaching over $5 million despite a recent sharp decline in cryptocurrency prices. The growth was driven by new customer deposits rather than price gains, highlighting the product's counter-cyclical design that generates yield-based revenue independent of trading volumes. Tap Global also raised the yield on stablecoins from 7.0% to 8.0%, positioning Tap Earn among the highest retail crypto yield rates. This performance supports the company's strategy to build a stable revenue base across market cycles, reducing reliance on transactional income tied to crypto price movements.

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