Tangany partners with justTRADE to provide fully-regulated custody infrastructure for digital assets
Tim SchusterMarketing Manager, Tangany
Munich,18th December 2023 - Tangany, a Munich-based fintech, has partnered with justTRADE, a Frankfurt based neobroker, to provide a fully regulated infrastructure for digital asset custody and on-chain accounting.
justTRADE, has migrated its digital asset custody from Bankhaus von der Heydt to Tangany's white-label custody solution. Designed as an all-in-one solution, Tangany's custody solution is fully integrated with justTRADE's core trading system. A seamless transition that ensured minimal disruption to justTRADE's clients while safeguarding their digital assets.
As a result of this partnership, justTRADE will continue to offer its current and future clients digital asset investment products backed by Tangany's robust custody and regulatory infrastructure. Tangany holds the necessary crypto custody licence, while Sutor Bank holds the regulatory trading licence for the justTRADE Service, ensuring compliance with strict financial regulations.
With Tangany as the new infrastructure provider for crypto custody, justTRADE customers will continue to enjoy uninterrupted access to digital asset products, security and a fully regulated environment. The collaboration initially began in September 2023 and was completed just two and a half months later, in December, with the migration of over 20 different assets to Tangany's custodian wallets. Notably, the actual trading downtime during this migration was minimal, lasting less than 12 hours overnight. This demonstrates Tangany's commitment to minimising disruption for its partners and their customers.
The collaboration underlines Tangany's commitment to providing a seamless custody and regulatory infrastructure for digital assets, enabling partners such as justTRADE to offer their clients innovative investment solutions with the highest levels of security and compliance.
Martin Kreitmair, CEO of Tangany, says "We're thrilled about this partnership with justTRADE, marking our largest migration to Tangany's custody solution to date. The smooth transition underscores our dedication to seamless operations and exemplifies the great collaboration between our teams. This milestone not only demonstrates our commitment but also significantly strengthens our position as the go-to choice for brokers seeking robust and compliant digital asset solutions in the market."
Michael B. Bußhaus, Co-Founder and managing director of justTRADE says: “We are very happy to partner with Tangany. justTRADE was in the year 2020 the first German Online-Broker offering security and crypto trading out of one portfolio. With Tangany, we are now in the position,to enhance our product offering with further innovative services.”
Ralf Oetting, Co-Founder and also managing director added: “During the short and efficient implementation project we were impressed by the commitment and knowledge of the Tangany team, which ensured one of the smoothed migration projects I have ever seen.”
Tangany is an innovative fintech company based in Munich and regulated by BaFin. Tangany offers a market-leading B2B solution for the custody of digital assets on blockchain protocols (e.g. cryptocurrencies, tokenized securities, NFTs) as well as a crypto securities registry. The solution is used by more than 50 institutional clients, including banks, trading platforms, industrial companies and fintechs.
Customers are enabled to use blockchain technology easily and reliably by integrating modern APIs into their systems. This white-labelled solution significantly reduces the cost and time of in-house development, enabling faster time-to-market and greater focus on proprietary products and services. Tangany's crypto custody and crypto securities registry licence also covers regulatory requirements if required. For further information please visit https://tangany.com/ .
justTRADE is a Frankfurt-based online broker that consistently offers traders securities trading for an order commission of €0 (plus trading venue spread, max. €1 third-party costs in exchange trading). More than 500.000 securities - Shares, ETFs, ETCs, wikifolios, certificates, warrants, leveraged products, native cryptos and crypto-ETPs - can be traded via iOS and Android app or via desktop browser both on the stock exchange via three exchanges (LS Exchange, Quotrix and Tradegate Exchange) and OTC via the partners J.P. Morgan, Lang & Schwarz, Société Générale, UBS and Vontobel. More than 1,800 ETFs, ETCs and ETPs from twelve providers (J.P. Morgan AM, 21Shares, Amundi, CoinShares, DWS, iShares, GlobalX, Vanguard, VanEck, Valour, UBS and WisdomTree) complete the product offering. In addition, a total of around 250 securities are eligible for savings plans with justTRADE. Find out more about justTRADE at https://www.justtrade.com/ .
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