Munich-based fintech Tangany, a regulated digital asset custodian, has raised €10 million in a Series A round to support its EU-wide expansion under MiCA, as Vestbee was told.
- Founded in 2019 by Martin Kreitmair, Christopher Danvers, and Alexey Matyushin, Tangany builds regulated custody infrastructure for digital assets.
- The company runs a Wallet-as-a-Service platform that lets financial institutions hold and manage cryptocurrencies, tokenized securities, and NFTs within their own systems.
- Its architecture is API-driven and cloud-based, designed for integration into banking and trading platforms, and secured through hardware security modules (HSM) combined with multi-party computation (MPC).
- Tangany operates under a BaFin crypto custody license and supports more than 250 assets, including staking. Today, it underpins the operations of over 60 institutional clients, enabling more than 700,000 customer accounts across Europe.
Details of the deal
- The investors include Baader Bank, a German full-service investment and trading bank, Elevator Ventures/Raiffeisen Bank International, Heliad Crypto Partners, and existing backers HTGF and Nauta Capital.
“Tangany is uniquely positioned at the intersection of digital innovation and institutional-grade compliance. Their technology stack and regulatory-first mindset align with what banks need to safely enter the digital asset space. We’re excited to join them on this next chapter of European expansion," claims Thomas Muchar, Managing Director, Elevator Ventures.
- With the fresh €10 million, Tangany will drive its EU-wide expansion under MiCA, scale its custody infrastructure to handle rising institutional demand, deepen partnerships with leading banks, and strengthen its organization to ensure long-term regulatory compliance and sustainable growth.
“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," explains Martin Kreitmair, CEO and co-founder of Tangany.
