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German digital asset custodian Tangany raises €10 million

Tangany, a BaFin-regulated digital asset custodian preparing for EU-wide expansion under MiCA, has successfully closed a €10 million Series A funding round.

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German digital asset custodian Tangany raises €10 million

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The financing was led by Baader Bank, Elevator Ventures / Raiffeisen Bank International, and Heliad Crypto Partners, with continued support from existing investors HTGF and Nauta Capital.

Since its €7 million Seed round led by Nauta Capital in 2022, Tangany has doubled revenues and amassed $3 billion in assets under custody. The company now serves 700,000+ accounts across 60+ institutional clients, including FlatexDEGIRO, eToro, and Bitvavo.

Martin Kreitmair, CEO and co-founder, says: “This Series A round represents more than just capital; it’s a strong signal of institutional trust in Tangany’s vision and infrastructure. We’re proud to welcome well-established European institutions as shareholders, further strengthening our position within the financial sector."

Having strengthened a long-standing partnership with Baader Bank and collaborating with Elevator Ventures / Raiffeisen Bank, the firm is looking to seed its white-labelled blockchain API with other establihsed banking players.

"Looking ahead, we will selectively add a small number of like-minded banking partners who share our values and ambitions," says Kreitmair. "We are building an ecosystem where the right institutions will naturally want to join us on this journey."

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