Tangany raises $11.64 million in a Series A round

Tangany operates as a BaFin-regulated fintech providing white-label custody solutions for cryptocurrencies, tokenized securities, and non-fungible tokens

Munich-based digital asset custodian Tangany has raised €10 million ($11.64 million) in a Series A round to scale its regulated crypto custody infrastructure across Europe, as the continent braces for the rollout of the Markets in Crypto-Assets (MiCA) regulation.

The round drew support from several heavyweight investors, including Baader Bank, Elevator Ventures (the VC arm of Raiffeisen Bank International), and Heliad Crypto Partners, a division of Heliad AG.

Existing backers such as HTGF and Nauta Capital also participated, reaffirming confidence in Tangany’s growth strategy.

Founded in 2018, Tangany operates as a BaFin-regulated fintech providing white-label custody solutions for cryptocurrencies, tokenized securities, and non-fungible tokens.

Its technology is currently used by more than 60 institutional clients, including eToro, Bitvavo, Finanzen.net ZERO, and FlatexDEGIRO, allowing them to integrate blockchain functionality directly into their products via API.

CEO and co-founder Martin Kreitmair said the raise represents more than just capital.

It’s a strong signal of institutional trust in Tangany’s vision and infrastructure, he noted. We’re proud to remain fully independent while aligning our shareholder base with Europe’s leading financial institutions.

Tangany’s custodial platform currently secures more than €3 billion ($3.49 billion) in digital assets and supports over 700,000 customer accounts.

Since its €7 million ($8.15 million) seed round in 2022, led by Nauta Capital, the company has more than doubled its revenue and grown assets under custody 7.5x, from €400 million ($465.66 million) to €3 billion ($3.49 billion).

Baader Bank’s Deputy CEO Oliver Riedel emphasized the firm’s confidence in Tangany’s long-term role in shaping digital finance in Europe.

They’ve shown both the regulatory maturity and technological depth needed to serve institutions at scale, he said.

Elevator Ventures’ Managing Director Thomas Muchar echoed the sentiment, highlighting Tangany’s position at the intersection of digital innovation and compliance.

We’re excited to join them on this next chapter of European expansion, he said.

Carles Ferrer, General Partner at Nauta Capital, called the Series A validation of Tangany’s market relevance.

From team to product to traction, Tangany has become a key player in Europe’s digital asset ecosystem, he said.