UK crypto app Tap Global has become the first 2023 listing on the Aquis Stock Exchange (AQSE), according to a press release from the company. The listing was accomplished through a reverse takeover by Quetzal Capital, according to a press release on Jan. 10.

Tap provides fiat banking services, a crypto swap service that sources crypto from partner exchanges, and access to staking and DeFi protocols to UK and EU residents. The app is regulated as a bank by the Gibraltar Financial Services Commission.

Quetzal acquired the company by trading £20.5 million ($24.9 million) of its own stock to Tap Global shareholders in exchange for ownership, and it raised another £3.1 million ($3.8 million) by issuing new shares. The cash raised from these additional shares will be used to “increase marketing spend and drive international expansion,” according to the press release.