2nd September 2025 – (Munich) Munich-based digital asset custodian Tangany has successfully raised €10 million in a Series A funding round aimed at scaling its regulated crypto custody infrastructure across Europe, in anticipation of the upcoming Markets in Crypto-Assets (MiCA) regulation.
The funds will enhance Tangany’s BaFin-regulated crypto custody services, positioning the company to meet the demands of the market prior to the implementation of MiCA. Currently, Tangany safeguards over €3 billion in digital assets for more than 700,000 accounts across 60 institutional clients. With support from prominent European financial institutions, Tangany is striving to establish itself as a leading compliance-focused custodian in the region.
The funding round attracted significant backing from notable investors, including Baader Bank, Elevator Ventures (the venture capital arm of Raiffeisen Bank International), and Heliad Crypto Partners, a division of Heliad AG. Existing investors, such as HTGF and Nauta Capital, also participated, reaffirming their confidence in Tangany’s growth trajectory.
Founded in 2018, Tangany operates as a BaFin-regulated fintech that provides white-label custody solutions for cryptocurrencies, tokenised securities, and NFTs. Its technology is utilized by over 60 institutional clients, including eToro, Bitvavo, Finanzen.net ZERO, and FlatexDEGIRO, allowing these firms to integrate blockchain capabilities directly into their offerings via API.
CEO and co-founder Martin Kreitmair emphasised that the fundraising signifies more than just financial support, describing it as a strong signal of institutional trust in Tangany’s vision and infrastructure. He expressed pride in the company’s independence while aligning its shareholder base with some of Europe’s leading financial institutions.
Since its €7 million seed round in 2022, led by Nauta Capital, Tangany has more than doubled its revenue and increased its assets under custody by 7.5 times, rising from €400 million to €3 billion. Oliver Riedel, Deputy CEO of Baader Bank, expressed confidence in Tangany’s potential to shape the future of digital finance in Europe, noting the company’s regulatory maturity and technological capabilities. Similarly, Thomas Muchar, Managing Director of Elevator Ventures, highlighted Tangany’s unique position at the intersection of digital innovation and compliance, expressing excitement about their upcoming expansion.
As MiCA implementation progresses, Tangany is well-positioned to meet the rising demand for compliant custody services and plans to onboard select banking partners that align with its vision for secure, regulated infrastructure. Carles Ferrer, General Partner at Nauta Capital, described the Series A round as validation of Tangany’s market relevance, stating that the company has become a key player in Europe’s digital asset ecosystem.
In related news, Deutsche Bank is preparing to launch its own crypto custody service in 2026, collaborating with Bitpanda’s tech arm and Swiss infrastructure firm Taurus SA. This initiative marks a significant step in the bank’s multi-year strategy to enhance its presence in the digital asset space, focusing on custody services for institutional clients while also exploring stablecoins and tokenised deposits.
