Tangany has secured EUR 10 million in Series A funding to support its growth as a regulated digital asset custodian, marking a significant step in its European expansion amid rising institutional demand.

Information on the Target

Tangany, a BaFin-regulated digital asset custodian headquartered in Munich, has successfully secured a EUR 10 million Series A funding round. This significant achievement marks Tangany's evolution from a high-growth startup to a recognized component of Europe’s regulated financial landscape. Currently, the company manages over EUR 3 billion in digital assets under custody, catering to a growing base of more than 700,000 customer accounts and over 60 institutional clients, including notable names such as FlatexDEGIRO, eToro, and Bitvavo.

Since its inception and subsequent EUR 7 million Seed Round led by Nauta Capital in 2022, Tangany has displayed exceptional growth, doubling its revenue and significantly expanding its team. The company’s robust infrastructure and increasing customer adoption have positioned it as a leading provider in the European digital asset custody market.

Industry Overview in Germany

The digital asset industry in Germany continues to thrive, bolstered by regulatory advancements and growing institutional interest. The introduction of the MiCA (Markets in Crypto-Assets) regulation paves the way for a harmonized frame