Target Information
Tangany GmbH, based in Munich, is a regulated fintech company specializing in digital asset custody solutions across Europe. With a focus on integrating blockchain technology for institutional clients, Tangany offers a robust B2B platform for the custody of cryptocurrencies, tokenized securities, and NFTs. Currently, over 60 financial institutions, including banks and trading platforms, actively utilize Tangany's services, evidencing its established presence and market credibility.
Since its inception, Tangany has achieved remarkable growth, with assets under custody skyrocketing from €400 million in 2022 to over €3 billion today. The company has streamlined its operations to accommodate a growing customer base of over 700,000 accounts, positioning itself as a leading crypto custodian within the European digital asset ecosystem.
Industry Overview
The demand for digital asset custodians has surged across Europe, driven by increasing institutional interest in cryptocurrencies and blockchain technologies. The evolving regulatory landscape, particularly with the introduction of the MiCAR (Markets in Crypto-Assets Regulation) framework, sets a foundation for regulated entities like Tangany to thrive. As traditional financial institutions seek compliant solutions, the need for secure and efficient custody providers has become paramount.
Germany, as a prominent player in the fintech space, hosts a myriad of digital asset services. The BaFin (Federal Financial Supervisory Authority) plays a crucial role in this environment, ensuring that companies adhere to stringent regulatory standards. This regulatory clarity not only bolsters market confidence but also promotes the entry of new players, stimulating competition and innovation.
Furthermore, as blockchain technology matures, opportunities arise for collaborations among traditional banks and innovative fintechs. Strategic partnerships, like those of Tangany with Baader Bank and Elevator Ventures, allow for leveraging established financial infrastructures to support new digital solutions, ultimately enhancing service offerings to clients.
The growing acceptance of digital currencies among consumers and businesses is also a significant factor contributing to the expansion of the digital asset market. Increasingly, companies are integrating blockchain-based solutions to improve transparency, security, and efficiency in transactions, thus contributing to the wider adoption of digital assets.
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Rationale Behind the Deal
Investors recognize the potential for Tangany to become a fully MiCAR-compliant custodian, which would further solidify its position as a trusted partner for institutional clients. With the increased regulatory clarity the MiCAR framework brings, Tangany is poised to capture a significant share of the expanding market for digital assets.
Investor Information
Leading the funding is Baader Bank, a well-established financial institution in Germany known for its comprehensive securities and banking services. Baader Bank offers an integrated platform that combines trading and banking services, which provides a robust foundation for supporting Tangany's expansion aspirations.
Elevator Ventures, the venture capital arm of Raiffeisen Bank International, is also a significant contributor to this funding round, bringing a wealth of network and expertise in the fintech sector. Additionally, Heliad Crypto Partners focuses on digital assets, showcasing their commitment to investing in growth-oriented companies at the intersection of traditional finance and blockchain technology.
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In the opinion of industry experts, the €10 million investment in Tangany represents a strategic opportunity within the burgeoning digital asset landscape. This capital will enable the company to enhance its service offerings and expand its operations amidst a growing regulatory framework that demands secure and compliant custody solutions.
Tangany's rapid growth—evidenced by a significant increase in assets under custody—demonstrates its ability to adapt and scale in a dynamic environment. The backing from prestigious investors such as Baader Bank and Elevator Ventures not only affirms the company’s integrity but also enhances its credibility within the industry.
The potential of digital assets to reshape financial markets is substantial, and Tangany is well-positioned to be at the forefront of this shift, making the investment appear not only prudent but strategic for stakeholders looking for long-term growth in the fintech space. As the market continues to see an influx of traditional financial institutions collaborating with fintechs, Tangany's dedicated focus on compliance and technology will prove advantageous.
Ultimately, the successful completion of the Series A round consolidates Tangany's path to becoming a central player in the European financial landscape, aligning with global trends towards digitization and regulatory compliance, which could yield significant rewards for its investors.
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Baader Bank, Elevator Ventures/Raiffeisen Bank International, Heliad Crypto Partners
invested in
Tangany
in 2025
in a Series A deal
Disclosed details
Transaction Size: $10M