German Fintech Tangany Raises €10M to Expand Regulated Crypto Custody Across Europe

Munich-based BaFin-regulated digital asset custodian Tangany has raised €10 million in a Series A funding round led by Baader Bank, Elevator Ventures (Raiffeisen Bank International's VC arm), and Heliad Crypto Partners, with existing investors HTGF and Nauta Capital also participating. Since its €7 million seed round in 2022, Tangany has doubled its revenue and grown assets under custody from €400 million to over €3 billion, now supporting more than 700,000 customer accounts and over 60 institutional clients including eToro, Bitvavo, and FlatexDEGIRO. Tangany provides a white-label crypto custody platform with an API that enables banks, trading platforms, and fintechs to integrate blockchain technology while ensuring regulatory compliance, preparing for the EU-wide Markets in Crypto-Assets (MiCA) regulation. CEO Martin Kreitmair emphasized that the funding round represents institutional trust in Tangany’s vision and infrastructure and strengthens its position within Europe’s regulated financial sector while maintaining independence. The company aims to expand its ecosystem by selectively partnering with additional banking institutions that share its values and long-term vision. This funding milestone marks Tangany’s transition from a fast-growing startup to a key pillar in Europe’s regulated digital asset ecosystem.