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.
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.
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