Tangany, a Munich-based digital asset custodian regulated by BaFin, has reached a significant milestone with the successful close of its €10 million Series A funding round. This achievement not only reflects the company’s steady evolution from a high-growth fintech startup into a cornerstone of Europe’s regulated financial infrastructure, but also signals growing institutional confidence in its long-term vision.
As Europe prepares for the implementation of the Markets in Crypto-Assets (MiCA) regulation, Tangany is positioning itself to be among the first fully compliant custodians ready to serve the continent’s expanding digital asset economy.
The funding round was led by a group of prominent financial institutions, including Baader Bank in Germany, Elevator Ventures — the venture capital arm of Raiffeisen Bank International in Austria — and Heliad Crypto Partners, the digital assets investment arm of Heliad AG. Their participation underscores Tangany’s increasing integration into the traditional financial ecosystem. Several existing shareholders, including High-Tech Gründerfonds (HTGF) and Nauta Capital, also joined the round, reaffirming their support and belief in Tangany’s trajectory. The addition of these new and returning investors enhances the company’s governance and institutional profile, reinforcing its credibility among regulated entities and financial institutions across Europe.
Tangany’s growth over the past few years has been both rapid and strategic. Since its €7 million seed round in 2022, the company has significantly scaled its operations. Tangany holds over €3 billion in digital assets under custody, serving over 700,000 active customer accounts. Its infrastructure supports more than 60 institutional clients, including well-known names such as FlatexDEGIRO, eToro, Bitvavo, and Finanzen.net ZERO. These partnerships reflect Tangany’s ability to deliver secure, compliant, and scalable custody solutions to a wide range of financial platforms and service providers.
Between 2022 and 2024, Tangany doubled its revenue, a testament to both the growing demand for regulated digital asset services and the company’s ability to meet that demand with precision and reliability. This financial performance has laid the groundwork for long-term scalability, allowing Tangany to invest in its team, technology, and operational infrastructure.
The company has built a robust organization capable of navigating the increasing complexity of digital asset regulation, and its alignment with MiCA positions it to play a leading role in shaping the future of crypto custody in Europe.
Tangany’s expansion into banking partnerships marks a new chapter in its journey. The company has strengthened its collaboration with Baader Bank and established new strategic alliances with Elevator Ventures and Raiffeisen Bank. These partnerships are more than financial — they represent a shared commitment to building secure, compliant infrastructure for the digital economy.
By working closely with established institutions, Tangany is reinforcing its role as a trusted provider of custody services for regulated entities, helping bridge the gap between traditional finance and the emerging world of digital assets.
Looking ahead, Tangany is focused on scaling its platform to meet the needs of a broader European market. The company’s white-label custody solution, which allows clients to integrate blockchain functionality directly into their products via API, is already helping financial institutions accelerate their digital transformation. As MiCA comes into effect, Tangany’s regulatory maturity and technological depth will be critical assets, enabling it to support a wide range of use cases.
KEY QUOTES:
“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. Their involvement reflects our shared commitment to secure, regulated digital asset infrastructure. At the same time, Tangany remains fully independent. Our shareholder structure now mirrors our ambition: becoming an integrated part of Europe’s financial system.”
Martin Kreitmair, Chief Executive Officer and Co-Founder of Tangany
“Digital assets will play a critical role in the future of financial markets, and regulated infrastructure is key to enabling that transformation. Tangany has shown both the regulatory maturity and the technological depth needed to serve financial institutions at scale. We’re proud to support a company that’s helping shape the future of custody in Europe.”
Oliver Riedel, Deputy CEO, Baader Bank
“Tangany is uniquely positioned at the intersection of digital innovation and institutional-grade compliance. Their technology stack and regulatory-first mindset align with what banks need to safely enter the digital asset space. We’re excited to join them on this next chapter of European expansion.”
Thomas Muchar, Managing Director, Elevator Ventures
“Tangany is a transformative force at the intersection of traditional finance and blockchain technology, providing regulated, secure, and highly flexible digital asset custody solutions that enable institutions to expand into digital asset markets with confidence — unlocking full growth potential amid rising market demand. We look forward to supporting them on their mission to become the go-to custody backbone of digital finance.”
Christopher Garlich, Managing Director, Heliad Crypto Partners
“Tangany’s digital assets under custody have grown 7.5x from €400m to €3bn since we led the company’s Seed round in 2022. That success has established the provider’s significance in the European financial ecosystem and has attracted some of the largest institutions around to join the mission as shareholders. This is a testament to the team, the product, and the traction to date. We’re delighted to see Tangany close such a strong Series A round, and we cannot wait to see what’s next for the company.”
Carles Ferrer, General Partner, Nauta Capital
“We’ve believed in Tangany’s vision from the beginning, and it’s been remarkable to watch them grow into a regulated, pan-European infrastructure provider. Their ability to execute with precision, maintain trust with institutions, and adapt to new regulations makes them a standout in the space. We’re pleased to continue supporting them in this next phase.”
