Tangany, a Munich-based BaFin-regulated digital asset custodian, has secured €10 million in Series A funding to expand its role in Europe’s regulated crypto infrastructure.
The round was led by Baader Bank (Germany), Elevator Ventures/Raiffeisen Bank International (Austria), and Heliad Crypto Partners (Germany), with continued backing from HTGF and Nauta Capital.
The raise follows Tangany’s rapid growth since its €7M seed in 2022: assets under custody (AUC) climbed from €400M to more than €3B, now serving 60+ institutional clients and over 700,000 accounts. Customers include leading platforms such as FlatexDEGIRO, eToro, Bitvavo, and Finanzen.net ZERO.
“This Series A is more than just capital—it’s a signal of institutional trust. With leading European banks as shareholders, our ambition to be part of Europe’s financial backbone is becoming reality,” said Martin Kreitmair, CEO and co-founder of Tangany.
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Positioned for MiCA leadership
Already regulated under BaFin, the company is preparing to be among the first fully MiCA-licensed custodians in Europe, strengthening its credibility as institutional adoption of digital assets accelerates.
Between 2022 and 2024, the company doubled revenue, scaled its team, and built the organisational depth required to meet growing demand and compliance requirements.
Banking partnerships and expansion
The company is deepening ties with institutional investors and banking partners, including its long-standing collaboration with Baader Bank and a new partnership with Raiffeisen Bank International.
Oliver Riedel, Deputy CEO at Baader Bank, said:
“Digital assets will play a critical role in future markets. Tangany combines regulatory maturity with technological strength to serve financial institutions at scale.”
Thomas Muchar, MD at Elevator Ventures, added:
“Tangany’s regulatory-first mindset and tech stack align with what banks need to safely enter the digital asset space. We’re excited to back their European expansion.”
With over €1.6B raised in equity and debt to date, Tangany is positioning itself as one of Europe’s most trusted, regulated crypto custodians, building the infrastructure to make digital assets accessible at scale.
