Tangany obtains 10 million euros in funds

Germany-based Tangany, a leading digital asset custody and management provider, has announced the successful completion of a Series A financing round worth €10 million. This funding will enable Tangany to adapt seamlessly to the MiCAR requirements and expand its leadership role in the European market.

The round was backed by a group of esteemed investors, including Baader Bank, Elevator Ventures, Heliad Crypto Partners, High-Tech Grunderfonds (HTGF), and Nauta Capital. Notably, Baader Bank, Elevator Ventures, and Heliad Crypto Partners are new investors in Tangany.

Tangany currently holds digital assets valued at over three billion euros for banks, platforms, and financial institutions. The company aims to strategically expand its banking partnerships, focusing on a few suitable partners who share Tangany's values and ambitions.

Oliver Riedel, Deputy CEO of Baader Bank, emphasised the importance of digital assets in future financial markets. He praised Tangany for its regulatory maturity and technological depth, deeming it well-suited to support institutions on a broad scale.

Tangany's CEO, Martin Kreitmair, noted that the financing round is a signal of institutional confidence in their vision and infrastructure. Tobias Schulz, Principal at HTGF, expressed his belief in Tangany's vision and was impressed with the company's evolution into a regulated, pan-European infrastructure provider. He praised Tangany's ability to execute projects precisely, maintain institutional trust, and adapt flexibly to new regulatory requirements.

The funding comes at a time when Tangany has experienced strong growth, with a turnover of over seven million euros in 2022. Between 2022 and 2024, the company doubled its revenue and expanded its team to meet increasing demand and regulatory requirements.

Potential partners for Tangany's strategic expansion of banking partnerships could include traditional banks, fintech companies, payment service providers, and financial technology platforms looking to integrate digital asset custody and management solutions.

As Tangany continues to grow and adapt to the evolving digital asset landscape, it remains committed to providing secure, reliable, and compliant solutions for its clients.