German digital asset custody company Tangany has completed €10 million in Series A funding

According to Crowdfundinsider on September 3rd, Tangany, a leading German digital asset custody service provider, announced the successful completion of a €10 million (approximately RMB 78 million) Series A funding round.

The round was co-led by Baader Bank, Elevator Ventures (a subsidiary of Raiffeisen Bank International), and Heliad Crypto Partners, with continued participation from existing investors HTGF and Nauta Capital. Tangany is a digital asset custody company licensed and directly regulated by the German Federal Financial Supervisory Authority (Bafin).

The company stated that the funds will be primarily used to accelerate its European market expansion plans under the EU's Markets in Crypto-Assets Act (MiCA), further strengthen its technical infrastructure, and expand its institutional client services. According to Tangany's disclosed data, the total value of digital assets under custody currently exceeds €3 billion, providing secure and compliant custody services to over 60 institutional clients and over 700,000 accounts.

It is worth noting that this Series A funding round is not Tangany's first foray into capital. As early as 2020, the company completed a €7 million seed round of financing, demonstrating the market's continued confidence in its business model and compliance capabilities.

Against the backdrop of tightening global digital asset regulation and growing institutional participation, Tangany, with its strong compliance attributes and technological strength, is becoming a key player in the European digital asset custody sector. This financing not only provides capital support for its regional expansion, but also further consolidates its dominant position in the regulated digital asset services market.