Tangany Raises €10 Million Series A to Expand Regulated Crypto Custody Across Europe

Tangany, a Munich-based fintech specializing in regulated custody of digital assets, has closed a €10 million Series A funding round to accelerate its European expansion under the forthcoming MiCA regulatory regime. The round was led by Baader Bank, Elevator Ventures (the venture arm of Raiffeisen Bank International), and Heliad Crypto Partners, with continued backing from existing investors High-Tech Gründerfonds (HTGF) and Nauta Capital.

Tangany is a BaFin-regulated digital asset custodian offering B2B “wallet as a service” and white-label infrastructure for banks, exchanges, fintechs, and other institutional clients. The company enables organizations to integrate custody, tokenization, staking, and related blockchain services via APIs, reducing the complexity and compliance burden for institutions entering the digital asset space.

Since raising €7 million in a seed round in 2022, Tangany’s growth has been striking. At that time, it held around €400 million in digital assets under custody. Today, it holds over €3 billion in custody, serving more than 60 institutional clients and powering over 700,000 customer accounts across its platform. The company also reports having doubled its revenues between 2022 and 2024.

The new capital will be used to scale Tangany’s custody infrastructure, deepen partnerships with traditional financial institutions, strengthen its regulatory and compliance functions, and expand across European markets. With the Markets in Crypto-Assets (MiCA) regulation set to harmonize crypto oversight across the EU, Tangany’s status as a regulated custodian positions it to serve as a foundational infrastructure provider for banks and fintechs.

Legal firm Goodwin advised Tangany on the financing, underscoring the sophistication of the transaction structure amid growing regulatory complexity. In comments tied to the deal, Tangany’s CEO and co-founder Martin Kreitmair described the funding as a “strong signal of institutional trust” in the company’s vision. He emphasized that while Tangany is welcoming established financial institutions as shareholders, it remains fully independent, with governance aligned to its long-term mission.

Institutional participants view the round as a vote of confidence in the convergence of traditional finance and digital assets. Oliver Riedel, Deputy CEO of Baader Bank, remarked that regulated infrastructure will be essential to unlock digital assets’ full potential within financial markets. Thomas Muchar, Managing Director at Elevator Ventures, added that Tangany’s regulatory-first approach and technical depth make it well suited to help banks safely enter the crypto custody space.

Existing backers also voiced support. Carles Ferrer, Managing Partner at Nauta Capital, noted that Tangany’s assets under custody grew 7.5× since their 2022 seed investment, and that the company has evolved from startup to a recognized pillar of Europe’s financial infrastructure. HTGF likewise reaffirmed its long-term commitment, emphasizing Tangany’s ability to balance innovation with compliance and security.

Tangany’s institutional client roster includes names like FlatexDEGIRO, eToro, Bitvavo, and Finanzen.net ZERO. The company claims that its platform supports more than 250 digital assets and features advanced safeguards such as multi-party computation (MPC) and hardware security modules (HSM) to secure wallet operations.

With the Series A now closed and its regulatory footing reinforced, Tangany is aiming to deepen its role as a bridge between legacy finance and blockchain. The company’s roadmap includes selectively onboarding banking partners that align with its values and strengthening its position across EU jurisdictions. As MiCA takes effect, Tangany hopes to be among the first fully licensed crypto custodians to operate on a pan-European scale.