After the substantial rally of cryptocurrencies such as Bitcoin in recent months, it is time to take a detailed look at the current and future market development for tokenized assets. 

The joint study by Plutoneo and Tangany focuses in particular on Europe and its share of the global market capitalization of tokenized assets. For the first time, comprehensive data for the security token market was collected, depicting the most precise statement for this category in Europe. 

The trend is clear; the underlying magic of blockchain and Distributed-Ledger-Technology is advancing more and more. At this moment, the market for tokenized assets consists almost exclusively of cryptocurrencies. However, the future belongs to security tokens. We venture a look at when this will happen.

Authors: Benjamin Schaub, Martin Kreitmair, Julian Richter

Key assumptions

For this study, we analyzed the research conducted by third parties and combined it with data from relevant market participants. To calculate the market size for tokenized assets in Europe, the underlying key assumptions are:

  1. Market share of cryptocurrencies in Europe
  2. Outlook of market size for cryptocurrencies in Europe
  3. Market share of security tokens in Europe
  4. Outlook of market size for security tokens in Europe

Assumptions 1 and 2 are used to derive the market size of cryptocurrencies in Europe, while 3 and 4 are used to derive the market size for security tokens in Europe. Combined, we can project the market size for tokenized assets in Europe. In the following, we explain our thought process behind all four assumptions.

For the first time, it was possible to determine the market volume for security tokens without approximations based on the gross domestic product on a global or European level. The mathematical model developed for this study focuses on the key parameters of the financial markets, such as market size for equities and bonds, and extrapolates the degree of tokenization in the coming years.

Remark: In this study, we define the term “cryptocurrency” as payment and utility tokens. While cryptocurrencies heavily dominate the market in terms of market capitalization, more and more regulatory progress opens up the space for the tokenization of classical financial instruments. Therefore, this category is referred to in this study as “security token”.

Both segments are part of the larger digital assets pool, which also contains FIAT-backed tokens and the catching pool for new yet unclassified tokens. FIAT-backed tokens are classified as security tokens in our study, as they are backed by an asset. FIAT-backed tokens are either issued by a private entity such as Tether (USDT) or Binance USD (BUSD) or by a public institution such as the European Central Bank (ECB), aiming to have a constant exchange rate — usually 1:1 — to a major currency like the Dollar. The pool of others contains appearances like Non-Fungible Token (NFT), mostly used for video games, art, and by creatives and designers. NFTs are not part of this case study.

Figure 1: Categories of digital assets covered in this study

1. Market share of cryptocurrencies in Europe

CoinMarketCap thoroughly tracks the history of the global market size of cryptocurrencies. However, it is not easy to determine how this is distributed among the various continents, in our case Europe. Based on the extensive studies of Cambridge Center for Alternative Finance¹²³, latest statistics⁴⁵⁶, and data⁷⁸, we were able to determine that ~55 million Europeans (~7,5% of the European population) hold or use cryptocurrencies. Furthermore, our results show ~40% of global cryptocurrency users come from Europe. As a result, Europe is leading concerning the number of users worldwide. However, with regard to the global market capitalization in cryptocurrencies, Europeans only cover ~25%.

2. Outlook of market size for cryptocurrencies

The market for cryptocurrencies is experiencing a further bull market in recent months. As a result, the price of the leading cryptocurrencies, Bitcoin and Ethereum, is climbing almost unstoppably from an all-time high to an all-time high. Additionally, there is a steady stream of positive news within the industry providing a significant tailwind to the market. This includes, for example, PayPal’s strong interest in establishing itself in the crypto segment, which can be observed in the acquisition of digital asset security firm Curv.⁹ Moreover, even the giants of the traditional financial world such as Goldman Sachs¹⁰ and JP Morgan¹¹ can no longer ignore their customers’ demand to access digital assets. Another step that shows how advanced the mainstream adoption of digital assets has come was certainly the IPO of Coinbase with a market capitalization of over 80 billion US dollars.¹²

The growing interest of financial institutions in digital assets now enables institutional investors to access this asset class. For the further development of the market, significant growth is to be expected as institutional investors have not been able to invest in digital assets for regulatory reasons and, in some cases, still are not able to do so. However, a new law in Germany allows precisely that. Here, institutional investment funds (Spezialfonds) can allocate up to 20% in crypto assets in the future. Even if such financial instruments invested only a few percent of their capital in digital assets, the impact on the crypto market would be enormous. This is because these investment vehicles have a market capitalization of approximately 1.2 trillion Euro in Germany alone.

Figure 2: Projection digital asset market size Europe from 2018 to 2026 in EUR bn

3. Market share of security token in Europe

The market for security tokens sparked a few years ago, no earlier than 2017. Since then, the field of security tokens has seen rapid growth. Regulators worldwide adopted the new form of financial instruments into existing regulation. The process started in early 2020 with the financial license introduction for custody of digital assets in Germany and other EU member-states.

Governments see this area as a field where innovation is being created, and the next digital giants are evolving. In this light, countries like Germany are preparing their legislation to allow securities to be represented in the form of tokens. Especially European countries are leading this movement while the US is still looking for their way to go. Asian jurisdictions have chosen quite different ways of approaching this topic while closely monitoring the developments in Europe.

The global market volume of security tokens — which includes all kinds of tokens that are asset-backed or represent a kind of value — was ~2.7 billion Euro in 2019. In contrast, about 0.7 billion Euro were issued in Europe (~25%). That includes the European Union and all other European countries.

The market volume in Europe will be around 918 billion Euro in 2026, covering all kinds of security tokens. For the first time, security tokens will surpass cryptocurrencies by then. Despite the strong growth within the next few years, the tokenized market will still cover only a small portion of the total market which is expected to grow 259 trillion Euro in Europe. The tokenization share will be 0.35%, indicating that the tokenized market will still be pre-matured with attractive growth rates beyond 2026.

In the past, the majority of security tokens were issued on Ethereum, with a reported market share of 94%. The other 6% are held by solutions like Tron, Stellar, Neo, and similar.¹³

4. Outlook of market size for security token

The security tokens market is evolving dynamically and can still be considered to be in its infancy phase. In 2017 only five reported security tokens were issued. This number has increased to more than 100 in 2020. Our projections forecast a continuous growth within the next five years up to a total market volume of more than 918 billion Euro by 2026 in Europe alone, including FIAT-backed stablecoins.

Based on the analysis of four major market segments — real estates¹⁴, stocks¹⁵, debts¹⁶, and FIAT currencies¹⁷ — regarding the future growth of security tokens, it can be concluded that the growth from 2021 to 2026 will be around 81% per year.

The increasing interest in digital assets drives this trend, mainly focused on cryptocurrencies such as Bitcoin, but more and more around tokenized assets which provide high liquidity and come with low management fees. Furthermore, upcoming regulations like the German crypto security are amplifying the whole trend. With that, the aim of the European Union Commission to create a harmonized digital asset market is also a notable positive action. This regulation shall be issued by the latest 2023 by introducing MiCA (Markets in Crypto-Assets) which can be considered as the pendant to existing MiFID II regulation of traditional financial instruments and activities.

Europe can be described as being at the forefront of security tokens. It is mandatory that innovative startups, traditional companies, and institutions, just as governments and regulators, keep handling this area progressively and positively to secure this position.

Conclusion

The overall market of digital assets will keep growing at a swift pace. While the market currently consists almost exclusively of cryptocurrencies in terms of market capitalization, the area of security tokens will grow strongly in the coming years. Progressive regulation in countries like Germany and the EU-level will lead to Europe being the global leader in security tokens. Based on our data model, which for the first time does not rely on approximations such as GDP, the volume of security tokens will exceed the volume of cryptocurrencies for the first time in 2026.

From a European perspective, a look at the crypto market also yields exciting results. With regard to blockchain adoption, it should be noted that Europe accounts for around 40% of global cryptocurrency users. Although European users “only” hold approximately 25% of the worldwide cryptocurrency market capitalization, this clearly shows that the retail segment, in particular, is highly receptive to digital assets.

TL;DR

The market for digital assets today:

  1. 55 million cryptocurrency users (~7,5% of the European population)
  2. 40% of global cryptocurrency users come from Europe
  3. 25% of the global market capitalization in cryptocurrencies held by Europeans
  4. The security token market is still in its early days with major regulation upcoming

The market for digital assets in 2026:

  1. The total market capitalization of digital assets will be 1,820 billion Euro
  2. Security token volume (50.39%) will be larger than cryptocurrencies (49.61%)
  3. Tokenized stocks will contribute 32.77% to the security tokens market

Remarks

Please note that this is a current market overview as of May 2021. You are welcome to contact us for additional information, which we will then be happy to consider.

If you like this article, we would be happy if you forward it to your colleagues or share it on social networks. If you are an expert in the field and want to criticize or endorse the article or some of its parts, feel free to leave a private note here or contextually and we will respond or address it.

Plutoneo is a strategy and management consultancy for the financial and asset management industry, focusing on the securities business and its processes (front to back). More information under (https://www.linkedin.com/company/plutoneo/).

Tangany is a regulated institute that offers a white-labeled digital asset custody solution. The Tangany Custody Suite was launched in 2018 and is currently used by more than 30 clients (https://www.linkedin.com/company/tangany).


Authors

Benjamin Schaub is the Head of Digital Hub at Plutoneo. His interests include blockchain use case development and integration in the financial industry as well as crypto custody. Besides, he works as a senior consultant at INTAS.tech, a blockchain consulting firm that the Frankfurt School and Plutoneo have set up. You can contact him via mail (b.schaub@plutoneo.com) or on LinkedIn (www.linkedin.com/in/benjamin-schaub).

Martin Kreitmair is one of the co-founders and CEO at Tangany. He is responsible for business development together with Julian Richter. Furthermore, he is a member of the board at Bundesblock e.V., the German blockchain association. Contact details are info@tangany.com or LinkedIn (https://www.linkedin.com/in/martin-kreitmair/).

Julian Richter is Head of Business Development and Sales at Tangany. He is an expert when it comes to market insights, market trends and custody of digital assets. Before Tangany, Julian used to work at different companies such as FinTecSystems, in the asset management field at Continentale Versicherung and in the treasury at the LfA Förderbank Bayern. He can be found on LinkedIn: https://www.linkedin.com/in/julianrichtertangany/.


References

1 Cambridge Center for Alternative Finance: “Global Cryptocurrency benchmarking study”, released 2017.

2 Cambridge Center for Alternative Finance: “2nd Global Cryptoasset Benchmarking Study”, released 2018.

3 Cambridge Center for Alternative Finance: “3rd Global Cryptoasset Benchmarking Study”, released 2020.

4 Statista: “Cryptocurrency adoption in 55 different countries worldwide 2020”, released 2021.

5 Statista: “Number of Blockchain wallet users worldwide from November 2011 to April 13, 2021”, released 2021.

6 Statista: “How Common is Crypto?”, released 2021.

7 BusinessOfApps: “Coinbase Revenue and Usage Statistics (2021)”, released 2021.

8 Binance Blog: “Binance 2019: Year in Review”, released 2019.

9 Cointelegraph: “PayPal purchases digital asset security firm Curv”, released 2021.

10 CNBC: “Goldman Sachs is close to offering bitcoin and other digital assets to its wealth management clients”, released 2021.

11Coindesk: “JPMorgan to Let Clients Invest in Bitcoin Fund for First Time”, released 2021.

12 CNBC: “Coinbase closes at $328.28 per share in Nasdaq debut, valuing crypto exchange at $85.8 billion”, released 2021.

13 Blockstate: “Global STO Study 2019”, released 2019.

14 Visual Capitalist: “All of the World’s Money and Markets in One Visualization”, released 2020.

15 Statista: “Volumen des weltweiten Aktienhandels von 1980 bis 2019”, released 2020.

16 Visual Capitalist: “All of the World’s Money and Markets in One Visualization”, released 2020.

17 Wikipedia: “Geldmenge”, last viewed May, 2021.

2020 will be remembered as the year when a new virus mutation first hit China and shortly after the whole world. Still, under the omnipresent consuming COVID-19 topic, a lot has happened, especially in the European blockchain ecosystem.

While most European countries decided to create a register for crypto custodians and crypto exchanges, Germany went one step further and introduced a dedicated ‘crypto custody license’, which could be considered as the most strict regulatory regime in the EU and maybe far beyond.

Tangany entered with those two major topics in its third year of existence. After closing 2019 cash-positive and with strong fundamentals (in terms of the team, processes, sales, and a reliable product) all signals were set for growth. 2020 should have been the year of scaling. And without spoiling too much, it mostly was.

The 2020 Recap

2020 started quite as expected by closing our seed investment round led by High-Tech Gründerfonds (HTGF) and followed by three business angels. We probably managed to catch one of the last physical meetings at a German notary before the first lockdown. A huge milestone for Tangany.

We have increased the team size accordingly to our plans and had the unexpected challenge, to grow together as a larger team without seeing each other physically too often – well more like never. So, we organized different online events with casual online games (mostly Among Us), weekly meetings and caught some of the rare opportunities when it was allowed to enter a beer garden in Munich. These small activities helped us to grow together, to get to know the team, and to work connected.

In parallel, the new German ‘crypto custody license’ was introduced to crypto custodians like Tangany. This helped us to sharpen our product further and get it labeled more clearly (see our custody solution for digital assets). This was also a huge evolution for a tech startup to become a regulated financial service institution. The invested amount of time and resources are immense, yet still worth it. It helped us to take the next step of evolution. And we – eventually – submitted our application in July 2020 to BaFin and Bundesbank, containing more than 700 newly created pages of documentation, processes, definitions, and employee manuals.

In September 2020 we were nominated as one of the most innovative FinTech startups in the category ‘seed’. Two of our colleagues managed to travel to Frankfurt to be physically present and to receive the award as Tangany was selected as the most innovative German FinTech startup. This was a huge honor and confirmation of all the efforts we have invested in the last years.

Two months later, in November 2020, Martin – one of our co-founders – was selected to join the board of Bundesblock e.V., where Tangany has been a member since shortly after its creation. This was another huge honor for Martin in particular, but also for Tangany. We are convinced that associations such as the Bundesblock are crucial to drive blockchain adoption and to prioritize blockchain on politicians’ agendas.

In the meantime, our product team has been working very hard to create our complementary product ‘Cold Wallet’, which perfectly goes along with our successful ‘Warm Wallets (as a Service)’ product. This enables us to be a crypto custodian for Bitcoin, Ethereum and other assets such as Binance Tokens, EOS, Tezos and many more (learn more about our Cold Wallet product).

Both fully white-labeled and managed by Tangany. This supports our mission to provide all kinds of solutions required to create stunning blockchain-based products and services with our partners.

2020 in Figures

We also want to share some figures about Tangany in 2020.

In 2020 Tangany was utilized by 18 partners (= B2B clients). From which 3 are regulated financial institutions. This is a partner growth of 200% year on year. This only includes active partners. Some of them are non-disclosed.

Most of the partners are based in Germany or  Europe but also people from all over the world trust the Tangany products. Tangany solution is worldwide acknowledged for its quality and reliability. That is something that makes us very proud.

The Tangany team has grown by more than 100% and is still fully located in Munich, Germany. All tasks from product development to sales are done in Munich. Especially the tech development is only done by Tangany employees without outsourcing for security reasons.

After introducing our Cold Wallet product, it gained quite fast relevant share compared to our Warm Wallet API solution. More than one third of all assets under custody are stored in Cold Wallets. This number exceeded our expectations.

The assets, that are stored with Tangany, are reflecting the full range of known assets on blockchain. The majority are security tokens based on Ethereum, but also cryptocurrencies such as Bitcoin and Ether and utility tokens have a high share on the distribution cake. Stable-coins are rarely stored with Tangany.

Although Tangany turned from a tech company to a regulated financial service institute, tech is still our DNA. The following figures are related to more technical aspects.

In 2020 the uptime of the service was over 99.6%, which is slightly higher than guaranteed with our highest service tier. This is an increase of 0.17% compared to 2019.

More than 240,000 transactions were executed in 2020. This is a huge increase compared to 2019 by more than 500%. By running our own node infrastructure, this was handled automatically and highly reliably.

By taking a detailed look into networks, it gets clear that most of the transactions were done on partner’s private blockchains. As there is usually no network fee, transactions are done without limitations.

On Ethereum smart contracts were a huge trigger for transactions on the blockchain, while on Bitcoin only 15% of all transactions were executed. Mostly before the starting bullrun from October 2020.

2020 has been an intense year for us. Despite all negative environmental influences, we managed to succeed on our goals. We are looking forward to 2021 to become an even greater year and hoping that blockchain in general will gain more adoption.

Outlook 2021

Tangany is a reliable white-label custodian for digital assets. That is our mission and our road to which we stick as we want to enable our partners to use blockchain, digital assets and crypto-based solutions. 

With the upcoming German crypto securities (‘Kryptowertpapier’), EU MiCA (Market in Crypto-assets) regulation and a potential Digital Euro (based on blockchain or not), there are many new playing fields on which Tangany will provide white-labeled solutions. 

We wish all our partners and the European blockchain ecosystem a great year ahead.

German WEG Bank AG operates its innovative Fintech division under the brand name “TEN31 Bank”. Now the bank is taking the next logical step and is expanding its product portfolio with a crypto custody solution.

With the new platform, the bank solves one of the major challenges faced by many holders of virtual currencies such as Bitcoin: the safe and reliable storage of these digital values.

In the past, holders of digital currencies have repeatedly suffered significant losses because they simply forgot or misplaced the complex encryption codes of their wallets (the “private key”) and their digital values were thus lost forever. With the solution provided by TEN31 Bank, this risk can now be safely averted.

In contrast to other service providers who also offer crypto custody, TEN31 relies on an important unique selling point: the trust position as a bank fully regulated by BaFin.

TEN31’s decision to rely on the technological solution from Tangany has several reasons. Veronika Ferstl, Director at TEN31, explains: “With Tangany we have not only found a German-speaking IT partner from the region with whom we can exchange ideas quickly and easily, but also a highly motivated and innovative team that works absolutely reliably. Tangany are themselves a regulated financial service provider and meet our high security requirements.”

Martin Kreitmair, CEO of Tangany, adds: “We are very pleased to be able to support such a progressive project in the field of digital banking as a partner with TEN31. Our white label approach fits in very well with the high technical and legal requirements of banks such as TEN31 Bank. We speak the language of banks and financial institutions.”

At the turn of the last year, the German government introduced the requirement for a permit for crypto custody as a financial service. For institutes such as TEN31 Bank (WEG Bank AG) and Tangany there is currently a transition period while final approval is pending.

About TANGANY

“Tangany is a white-label custody provider for digital values such as Bitcoin, Ethereum, Tether and security tokens. This service has been offered at the highest technical level since 2018 and always in accordance with the regulation. Tangany specializes in finance, tokenization and crypto markets. The company was recently awarded the renowned FinTech Germany Award 2020.”

Contact TANGANY

Martin Kreitmair

martin.kreitmair@tangany.com

+49 (0)89 9982095-73  

About WEG Bank AG/TEN 31 Bank

“Always one step ahead.” With this mission, the German WEG Bank AG initially dedicated itself to the housing industry and secured a role as a leading institute for WEGs and property managers. With the founding of the product “TEN31”, the institute remains true to its innovative spirit and established a second product line: banking services in innovative payment transactions. TEN31 focuses in particular on the everyday usability of digital currencies with the aim of providing true added value for all parties involved. TEN31 is the bridge between conventional banking and the blockchain world.

Contact TEN31 Bank

Matthias von Hauff

info@weg-bank.de info@ten31.com

+49 (0) 89 809 1346 0

Crypto custody is a pretty hot topic as cryptocurrency, security tokens, stable coins, and other assets are more and more adapted and created on the blockchain. Since the start of Bitcoin in 2009, the industry has taken a huge step forward into adoption in the real economies of nearly all global countries.

As a result of that, politicians have also addressed the topic around blockchain, assets, and wallets in form of regulation. This regulation comes in different faces depending on the jurisdiction. While the US was quite passive on that matter, other regions have taken a more active approach. Especially the European Union and specifically its member-states Germany, Malta, and Estonia have implemented a number of regulatory requirements.

Crypto custody is one of the most important services for any blockchain-based project. The requirements on custody are huge in terms of

This article will present top 5 EU crypto custodians:

All crypto custodians have proven themselves reliable and are active on the market at least for the last three years. Furthermore, they are headquartered within Europe (not necessarily in the European Union). As Germany has issued the ‘crypto custody license’, three out of five are part of the top/best 3 German crypto custodians.

This article covers the EU market and its custody providers for digital assets. Non-EU players like BitGo, Coinbase, and Anchorage are not included as this article focuses on the needs and peculiarities of the European market.

Metaco

Metaco is one of the pioneers when it comes to crypto custody. The Switzerland-based* solution is on the market for more than five years and one of the relevant shareholders is Avaloq, which itself is well-known for core-banking solution services.

Metaco offers mostly an on-premise solution to large and global banks. On-premise products are (in contract to cloud solutions) implemented and managed in the server centers of the client. This reflects the regulatory requirement of many large banks quite perfectly. Their solution is able to leverage HSM and also MPC technology for security.

* Switzerland is not part of the EU, but of Europe.

Advantages:

Disadvantages:

Solaris Digital Assets

Solaris Bank has seen rapid growth since its start a couple of years ago. The Berlin-based Bank provides white-label solutions to banks and other players in the finance industry. For a few months Solaris also entered the crypto custody market by partnering up with different white-label crypto custody providers.

The bank aims to provide all related products that are usually helpful for a finance project. In the field of blockchain, it’s not only crypto custody but also credit cards, core-banking solutions, and a bunch of other services.

Advantages:

Disadvantages:

Finoa

Finoa aims to become the bank for digital assets. The German-based company has started 2018 with a cold wallet solution and has since then developed their own warm wallet solution for their clients. Originally started with a B2C business model they have expanded to also B2B.

Finoa offers a crypto online banking experience where customers can log in and manage their digital assets on the blockchain. The solution supports various coins and tokens of a lot of blockchains. It also offers the ability to trade crypto assets within the platform.

They have expressed their intention to apply for the German crypto custody license by BaFin.

Advantages:

Disadvantages:

Arkane Network

Arkane Network is a Belgium custodian for digital assets. They have chosen a quite unique approach by servicing the gaming industry as well as the finance industry. The solution supports various blockchains, which includes gaming-related ones like GoChain and Tron. Overall there are nine connected blockchains.

The solution can be used on the website of Arkane, similar to Finoa’s service, but also by integrating a decentralized wallet such as Metamask for Ethereum. That allows users to use their existing non-custodian wallet.

Arkane Network targets both, B2C and B2B, with its solution. That gives it a good flexibility for different use cases. Another function, which is rarely seen in the market, is the support of non-fungible tokens. Unlike traditional tokens with fungible ones all tokens are unique. That design is often used by online games.

Advantages:

Disadvantages:

Tangany

Tangany is a crypto custody provider based in Munich, Germany. I am trying not to be biased by the fact that I am one of the co-founders of Tangany. Transparency about technical, regulatory, and product questions is one of our values.

Tangany is a full white-label provider for B2B clients that want to work with blockchain and digital assets. We currently support Bitcoin, Ethereum, and provide universal smart contract support (includes of course ERC20 and Tether). The solution can be used via API for warm wallets (wallet as a service) and as a cold wallet. For both, we provide a reliable node infrastructure and crypto payment processing engine.

The solution is based on Microsoft Azure, where we have an active partnership in place. This ensures the highest availability, scalability, and security of Tangany Custody Suite. The target markets are finance (banks, core-banking providers), tokenization (issuer, Whitelabel service provider), and crypto market (exchanges, lending, etc.).

We have entered the market in 2018 and were awarded with the FinTech Germany Award 2020 for being highly innovative. Additionally, our company is regularly featured in print newspapers such as Süddeutsche Zeitung (one of the top 5 newspapers in Germany).

Martin, our CEO, is the official comptroller of Bundesblock e.V. (German blockchain association) and has worked on different statements of upcoming bills (such as the recent ‘electronic security bill’).

Advantages:

Disadvantages:

Conclusion

All the presented service solutions are recommendable. This table gives you a structured comparison of some of the most relevant metrics:

As you can see very quickly: none of the solutions presented are bad, on the contrary – you have to think about what exactly you want:

I hope this post helps you to get an insight into the world of crypto custody. Also, feel free to reach out to us at info@tangany.com or https://tangany.com.

Disclaimer: This article was created to the best of knowledge and researched information. If you find any inaccurate information, please let me know in order to update the article.

Tangany GmbH and Anyblock Analytics GmbH bundle technology competencies in a strategic partnership

Tangany GmbH, in cooperation with Anyblock Analytics GmbH, offers for the first time an all-round service for the secure storage of cryptocurrencies and digital assets for B2B customers. This was announced today by the Munich-based custody company and the Mainz-based consulting and infrastructure specialists for decentralized technologies.

The all-round service consists of a highly secure storage of digital values (such as Bitcoin, Ethereum, Tether, or security tokens) and a powerful crypto payment engine. The cloud-based service can be seamlessly integrated into the customer’s infrastructure as a white label solution. Anyblock Analytics brings its many years of experience in the field of decentralized networks to the table: consulting, software development, integration with existing IT systems, and the professional operation of blockchain infrastructure.

The combined offer ensures that customers can concentrate on their core business and the complexity of the blockchain technology, including all IT aspects, is taken over by the cooperation partners. In addition, this offer saves clients a lot of time and money compared to implementing their own blockchain solution.

“We want to offer our B2B customers in Germany and the EU top quality with full regulatory security.” explains Tangany’s managing director Martin Kreitmair. “The integration competence and infrastructure experience of our partners from Anyblock Analytics are very important for us in this regard.” Its managing director Peter Eulberg adds: “Together we can offer our customers a holistic consulting approach and an end-to-end solution.”

The Tangany and Anyblock teams have been working together successfully for some time and are planning to expand their partnership through further joint steps. Tangany is also aiming to acquire the German crypto custody license. As a service provider for outsourcing, Anyblock will offer regulatory compliant outsourcing contracts for the infrastructure business. Both partners are doing pioneering work in the field of blockchain adoption and crypto regulation.

Press contact:

Contact Anyblock Analytics:

Freddy Zwanzger

49-151-16765948

freddy@anyblockanalytics.com

https://www.anyblockanalytics.com/

https://www.linkedin.com/company/anyblockanalytics/

Contact Tangany:

Pia-Katinka Katz

+49 89 9982095-70

pia.katz@tangany.com

https://tangany.com/

https://www.linkedin.com/company/tangany/

Microsoft Azure customers worldwide now gain access to Tangany Custody Suite to take advantage of the scalability, reliability, and agility of Azure to drive application development and shape business strategies.

Munich, Bavaria, Germany — July 20, 2020 — Tangany, a Germany-based crypto custodian, today announced the availability of Tangany Custody Suite (TCS) in the Microsoft Azure Marketplace, an online store providing applications and services for use on Azure. Tangany customers can now take advantage of the productive and trusted Azure cloud platform, with streamlined deployment and management.

Tangany is one of the major European custody providers for cryptocurrencies, digital and crypto-assets. The company has offered its solution in accordance with EU and German regulations since 2018 as a white-label solution to B2B clients. Clients have come from industries like finance (banks, asset managers, insurance, etc.), tokenization (STO, IEO, ICO, security tokens), and many others (real estate, video gaming, energy, health, etc.).

Martin Kreitmair, CEO of Tangany, said, “Our Tangany Custody Suite is a reliable solution for B2B partners to work with blockchain by combining custody and infrastructure into one regulated white-label solution. Working with Microsoft Azure was a very strategic decision for our company. Azure provides everything that we require for your product: scalability, security, and just as important regulatory compliance with German FinTech requirements. We are very satisfied with the quality of Azure.

The white-label custody product is expected to be regulated in accordance with the 5th German AML Directive in summer 2020, also known as ”crypto custody license” (“Kryptoverwahrlizenz”). As an active player in the market for many years, Tangany can provide regulatory safety and has since 2018 (“grandfathering rule”). The solution can easily be used as a cloud solution, either managed by Tangany or the client itself.

Sajan Parihar, Senior Director, Microsoft Azure Platform at Microsoft Corp. said, “We’re pleased to welcome Tangany Custody Suite to the Microsoft Azure Marketplace, which gives our partners great exposure to cloud customers around the globe. Azure Marketplace offers world-class quality experiences from global trusted partners with solutions tested to work seamlessly with Azure.

The Azure Marketplace is an online market for buying and selling cloud solutions certified to run on Azure. The Azure Marketplace helps connect companies seeking innovative, cloud-based solutions with partners who have developed solutions that are ready to use.

Learn more about Tangany Custody Suite at its page in the Azure Marketplace.

About Tangany

Tangany is a Germany-based company that provides white-labeled custody for digital assets on blockchain since 2018. The company offers warm and cold wallet solutions for business customers in Europe and worldwide.

For more information, press only:

Tangany GmbH

Martin Kreitmair

info@tangany.com

+49 89 9982095-70

Receive the latest news

Tangany Newsletter