Munich-based Tangany, a BaFin-regulated digital asset custodian, has secured €10M in a Series A funding round.
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The round was led by a group of financial institutions — Baader Bank (Germany), Elevator Ventures, the venture capital arm of Raiffeisen Bank International (Austria), and Heliad Crypto Partners (Germany), the digital assets investment arm of Heliad AG.
Several existing shareholders, including HTGF and Nauta Capital, reaffirmed their long-term support by participating in this round.
The announcement comes three years after raising €7M in a Seed Round led by Nauta Capital in 2022.
Holding over €3B in digital assets
Since then, the company has experienced significant growth, currently holding over €3B in digital assets for various financial institutions and digital asset platforms.
It now has more than 700,000 active customer accounts.
Between 2022 and 2024, the company claims to have doubled its revenue, leading to a solid performance in 2024 that supports future growth.
This growth positions Tangany to comply with the Markets in Crypto-Assets (MiCA) regulation, enhancing its role in Europe’s regulated digital asset market.
Tangany: Offering B2B solution for custody of digital assets
Led by Martin Kreitmair, Tangany offers a B2B solution for the custody of digital assets on the blockchain — cryptocurrencies, tokenised securities, NFTs.
They provide clients with a way to implement blockchain technology through the integration of a modern API into their systems.
This white-label solution helps reduce costs and development time, allowing clients to bring their products to market more quickly and focus on their own services.
Additionally, Tangany’s crypto custody license covers necessary regulatory requirements.
The company’s solution is already used by more than 60 institutional clients, including banks, trading platforms, corporations, and fintechs.
“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,” says Martin KreitmairChief Executive Officer, Co-Founder, Tangany
