Tangany Secures €10 Million in Series A Funding
In a strategic initiative to enhance its regulated crypto custody services across Europe, the Munich-based digital asset custodian, Tangany, has successfully concluded a Series A funding round, raising €10 million. This influx of capital comes at a crucial time as the continent prepares for the implementation of the Markets in Crypto-Assets (MiCA) regulation.
Investor Support and Growth Trajectory
The funding round attracted substantial backing from prominent investors, including Baader Bank, Elevator Ventures—affiliated with Raiffeisen Bank International—and Heliad Crypto Partners, among others. Existing investors such as HTGF and Nauta Capital have also reaffirmed their support, reflecting strong confidence in Tangany’s growth trajectory.
About Tangany
Established in 2018 and regulated by BaFin, Tangany specializes in providing white-label custody services for cryptocurrencies, tokenized assets, and non-fungible tokens (NFTs). Currently, over 60 institutional clients utilize Tangany’s technology, which can easily integrate blockchain functionalities into their offerings through APIs. Notable clients include eToro and FlatexDEGIRO.
Leadership Insights
Co-founder and CEO Martin Kreitmair articulated that this funding is not merely a financial boost but an emblem of institutional trust in Tangany’s long-term vision and technologies. He expressed pride in the startup’s independence while simultaneously aligning with leading European financial entities.
Impressive Growth Metrics
As Tangany continues to build its custodial platform, it currently safeguards an impressive €3 billion in digital assets and manages more than 700,000 client accounts. Since raising €7 million in a seed funding round in 2022, led by Nauta Capital, Tangany has managed to significantly increase its revenue and expand its assets under custody by a staggering 7.5 times, from €400 million to €3 billion.
Future Outlook and Industry Trends
Baader Bank’s Deputy CEO, Oliver Riedel, acknowledged Tangany’s readiness to play a pivotal role in the evolution of digital finance within Europe, highlighting the entity’s blend of regulatory expertise and technological innovation. Similarly, Thomas Muchar, Managing Director of Elevator Ventures, expressed enthusiasm for partnering with Tangany as it embarks on its next ambitious phase of expansion in Europe.
With MiCA regulations on the horizon, Tangany stands ready to meet growing demands for compliant custody solutions and plans to add select banking partners who share its commitment to secure and regulated frameworks. Nauta Capital’s General Partner, Carles Ferrer, emphasized that this funding round validates Tangany’s significance and relevance in Europe’s burgeoning digital asset space.
Related Developments in the Industry
In a related development, Deutsche Bank is poised to launch its own cryptocurrency custody services in 2026, in collaboration with Bitpanda’s technological division and Swiss firm Taurus SA. This initiative reflects the bank’s comprehensive strategy to enhance its footprint in digital assets, targeting institutional investors while exploring stablecoins and tokenized deposits. This move aligns with a broader trend among European financial institutions adapting to MiCA regulations amid changing global policies that favor cryptocurrency.
