Munich-based Tangany, a BaFin-regulated digital asset custodian preparing for EU-wide expansion under MiCA, has successfully closed a €10 million Series A funding round.
The round was led by Baader Bank, Elevator Ventures, the venture capital arm of Raiffeisen Bank International, and Heliad Crypto Partners, 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.
“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,” said Martin Kreitmair, CEO and Co-founder of Tangany Rapid Growth & Institutional Demand.
Founded in 2018, Tangany is a BaFin-regulated FinTech company, offering a market-leading B2B solution for the custody of digital assets on the blockchain (e.g., cryptocurrencies, tokenized securities, NFTs). Their solution is used by more than 60 institutional clients, including banks, trading platforms, corporations, and FinTechs; such as:
- FlatexDEGIRO
- eToro
- Bitvavo
- Finanzen.net ZERO
They enable clients to deploy blockchain technology via the integration of an API into their systems. This white-label solution reportedly saves significant cost and time for in-house development, enabling faster time-to-market and a greater focus on their own products and services. Tangany’s crypto custody licence also covers regulatory requirements if needed.
“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,” said Oliver Riedel, Deputy CEO, Baader Bank
Since its €7 million Seed round led by Nauta Capital in 2022, Tangany has demonstrated continuous growth. Today, the company securely holds over €3 billion in digital assets under custody, serving a wide range of financial institutions and digital asset platforms with over 700,000 customer accounts now active on its infrastructure.
Between 2022 and 2024, Tangany reportedly doubled its revenue, culminating in a 2024 performance that laid the foundation for long-term scalability.
“Tangany is uniquely positioned at the intersection of digital innovation and institutional-grade compliance. Their technology stack and regulatory-first mindset align with what 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 has deepened its role in the financial sector, strengthening its partnership with Baader Bank and collaborating with Elevator Ventures/Raiffeisen Bank.
Looking ahead, they plan to selectively add a small number of like-minded banking partners who share their values and ambitions.
“Tangany’s digital assets under custody have grown 7.5x from €400 million to €3 billion 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.
Read the orginal article: https://www.eu-startups.com/2025/09/german-fintech-startup-tangany-raises-e10-million-for-the-custody-of-digital-assets-on-the-blockchain/
