German Fintech Tangany Secures €10M to Expand Regulated Crypto Custody Across Europe
Munich-based digital asset custodian Tangany has raised €10 million in a Series A spherical to scale its regulated crypto custody infrastructure throughout Europe, because the continent braces for the rollout of the Markets in Crypto-Assets (MiCA) regulation.
Key Takeaways:
- Tangany raised €10M to increase its BaFin-regulated crypto custody providers forward of MiCA implementation in Europe.
- The firm now secures over €3 billion in digital property for greater than 700,000 accounts throughout 60+ institutional purchasers.
- Backed by main European monetary establishments, Tangany is positioning itself as a number one compliance-first custodian within the area.
The spherical drew support from several heavyweight investors, together with Baader Bank, Elevator Ventures (the VC arm of Raiffeisen Bank International), and Heliad Crypto Partners, a division of Heliad AG.
Existing backers like HTGF and Nauta Capital additionally participated, reaffirming confidence in Tangany’s progress technique.
Tangany Offers BaFin-Regulated White-Label Custody for Crypto and Tokenized Assets
Founded in 2018, Tangany operates as a BaFin-regulated fintech offering white-label custody options for cryptocurrencies, tokenized securities, and NFTs.
Its know-how is at present utilized by over 60 institutional purchasers, together with eToro, Bitvavo, Finanzen.web ZERO, and FlatexDEGIRO, permitting them to combine blockchain performance instantly into their merchandise through API.
CEO and co-founder Martin Kreitmair mentioned the elevate represents extra than simply capital. “It’s a powerful sign of institutional belief in Tangany’s imaginative and prescient and infrastructure,” he famous.
“We’re proud to stay totally unbiased whereas aligning our shareholder base with Europe’s main monetary establishments.”
Tangany’s custodial platform at present secures over €3 billion in digital property and helps greater than 700,000 buyer accounts.
Since its €7 million seed spherical in 2022, led by Nauta Capital, the corporate has greater than doubled its income and grown property below custody 7.5x, from €400 million to €3 billion.
Baader Bank’s Deputy CEO Oliver Riedel emphasised the agency’s confidence in Tangany’s long-term position in shaping digital finance in Europe.
“They’ve proven each the regulatory maturity and technological depth wanted to serve establishments at scale,” he mentioned.
Elevator Ventures’ Managing Director Thomas Muchar echoed the sentiment, highlighting Tangany’s place on the intersection of digital innovation and compliance.
“We’re excited to be a part of them on this subsequent chapter of European enlargement,” he mentioned.
With MiCA implementation underway, Tangany is poised to capitalize on the rising demand for compliant custody providers.
The agency can also be anticipated to onboard a choose variety of banking companions aligned with its imaginative and prescient for safe, regulated infrastructure.
Carles Ferrer, General Partner at Nauta Capital, referred to as the Series A a validation of Tangany’s market relevance. “From staff to product to traction, Tangany has turn out to be a key participant in Europe’s digital asset ecosystem,” he mentioned.
Deutsche Bank to Launch Crypto Custody Service in 2026
As reported, Deutsche Bank can also be set to roll out its crypto custody platform in 2026, working with Bitpanda’s tech arm and Swiss infrastructure agency Taurus SA.
The transfer marks a major step within the financial institution’s multi-year technique to deepen its presence in digital property, with custody providers aimed toward institutional purchasers.
The German lender can also be exploring stablecoins and tokenized deposits, doubtlessly issuing its personal token or becoming a member of current initiatives.
The transfer aligns with broader traits within the monetary sector, as main European establishments reply to MiCA regulation and world coverage shifts below pro-crypto management within the U.S.
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