German digital asset custody company Tangany completes €10 million Series A funding

German digital asset custody company Tangany has completed a €10 million Series A funding round, led by Baader Bank, Elevator Ventures/Raiffeisen Bank International, and Heliad Crypto Partners, with continued support from HTGF and Nauta Capital.

Tangany is regulated by the German securities regulator Bafin and has stated that it is preparing to expand across Europe in accordance with the EU MiCA regulations. Tangany reports that its custody assets exceed €3 billion, servicing over 700,000 accounts for more than 60 institutional clients. Tangany previously completed a €7 million seed funding round in 2020.