The Hamburg-based fintech company Exporo has concluded a cooperation with the custodian for digital securities and cryptocurrencies Tangany for its digital and blockchain-based investment platform. Exporo is now offering its investors free custody of their digital assets through one of the market leaders in Germany, using a tailor-made blockchain infrastructure provided by Tangany.
After public interest in cryptocurrencies and the technology behind them has risen sharply over the past few months, the transaction volumes and the associated transaction costs on the Ethereum blockchain used by Exporo have increased significantly. In a joint initiative, a solution was developed that enables secure and efficient custody of digital securities within the Exporo platform for the entire term – the securities will continue to be stored via the Ethereum blockchain while a separate private blockchain is used for settlement.
Tangany is a German crypto custodian whose service has been used by companies and institutions for various use cases as a white label solution since 2018. The focus is on tokenization projects, institutional investors and asset managers as well as crypto services.
“Based on the experience from 49 issues of digital securities with a total volume of almost € 160 million for our two products Exporo Financing and Exporo Inventory, we worked with Tangany to set up the ideal custody solution for the existing and future projects on our platform. We are pleased to have a very competent partner for safe custody and a reliable blockchain infrastructure at our side in Tangany, ”said Greta Gaumert, General Counsel & Chief Risk Officer at Exporo.
Martin Kreitmair, Managing Director of Tangany GmbH, adds: “Exporo is one – or even the – leading provider of tokenized assets in Germany. It’s great to see that our solution is also of great benefit to a product that has already been developed like Exporo’s. “
The Hamburg fintech company Exporo is Germany’s leading platform for digital real estate investments. For this purpose, Exporo pools the capital of many private investors, who can easily and directly invest in real estate online via the Exporo platform. Private investors can invest amounts from one euro in selected real estate projects. You have the choice between two complementary product categories. With the “Exporo portfolio” product, investors have the opportunity to invest in rented properties and – like an owner – benefit from the rental income and the increase in value. Exporo now holds more than 250 million euros in assets under management. With the second product, “Exporo Financing”, investors finance real estate projects from professional project developers and receive attractive returns in return. A team of experienced real estate experts acquires and analyzes hundreds of properties and project developments every year. Since it was founded in November 2014, over 750 million euros have been brokered digitally.