Tangany Secures €10 Million to Expand Crypto Custody Services in Europe

According to Tangany’s official statement, the €10 million funding was led by Baader Bank, Elevator Ventures, and Heliad Crypto Partners, with continued backing from HTGF and Nauta Capital.

Summary

Tangany officially announced the completion of a €10 million funding round led by Baader Bank, Elevator Ventures of Raiffeisen Bank International, and Heliad Crypto Partners of Heliad AG. Existing investors HTGF and Nauta Capital also joined, reaffirming their support. The Munich-based digital asset custodian, regulated by BaFin, stated that the capital will be used to expand its regulated custody services across Europe under the upcoming MiCA framework.

Terms & Concepts
  • Crypto Custody: A regulated service that securely stores digital assets like cryptocurrencies on behalf of clients.
  • Digital Asset Custodian: A financial entity that manages and safeguards cryptocurrencies and other digital assets for institutional and retail investors.
  • MiCA (Markets in Crypto-Assets): An EU regulatory framework designed to govern digital assets and related services across member states.