Tangany Raises €10 Million in Series A with Leading European Institutions Joining as Shareholders

• €10 Million Series A – led by Baader Bank, Elevator Ventures / Raiffeisen Bank International, and Heliad Crypto Partners, with continued support from HTGF and Nauta Capital.

• Strong Growth – assets under custody rose from €400 million in 2022 to over €3 billion, now serving 700,000+ accounts across 60+ institutional clients.

• Established Market Presence – trusted by leading institutions including FlatexDEGIRO, eToro, and Bitvavo.

• Regulatory Leadership – building on BaFin regulation, Tangany is positioned to be among the first fully MiCA-licensed custodians in Europe.

Munich, September 2, 2025 – Tangany, a BaFin-regulated digital asset custodian preparing for EU-wide expansion under MiCA, has successfully closed a €10 million Series A funding round. This latest round marks a significant milestone in the company’s journey, reflecting its evolution from a high-growth startup into a recognized component of Europe’s regulated financial infrastructure. With ties to brands such as FlatexDEGIRO, eToro, Bitvavo, and Finanzen.net ZERO, Tangany is increasingly positioned among the most recognized names in Europe’s digital asset ecosystem.

The round was led by a distinguished group of financial institutions: Baader Bank (Germany), Elevator Ventures, the venture capital arm of Raiffeisen Bank International (Austria), and Heliad Crypto Partners (Germany), the digital assets investment arm of Heliad AG. Several existing shareholders, including HTGF and Nauta Capital, reaffirmed their long-term support by participating in this round. These new shareholders reflect Tangany’s growing integration with Europe’s financial ecosystem, further enhancing the company’s governance and institutional profile.

This Series A round represents more than just capital; it’s a strong signal of institutional trust in Tangany’s vision and infrastructure. We’re proud to welcome well-established European institutions as shareholders, further strengthening our position within the financial sector. Their involvement reflects our shared commitment to secure, regulated digital asset infrastructure. At the same time, Tangany remains fully independent. Our shareholder structure now mirrors our ambition: becoming an integrated part of Europe’s financial system.

Rapid Growth & Institutional Demand

Since its €7 million Seed Round led by Nauta Capital in 2022, Tangany has demonstrated remarkable growth. Today, the company securely holds over €3 billion in digital assets under custody, serving a wide range of financial institutions and digital asset platforms. With over 700,000 customer accounts now active on its infrastructure, Tangany is firmly positioned as one of Europe’s premier crypto custody providers.

Between 2022 and 2024, Tangany doubled its revenue, culminating in a 2024 performance that laid the foundation for long-term scalability. The team has grown significantly, establishing a robust organization to support increasing demand and regulatory complexity.

This momentum has positioned Tangany to align seamlessly with MiCA, further strengthening its leadership in Europe’s regulated digital asset ecosystem.

Tangany’s Expansion into Banking Partnerships

Tangany has deepened its role in the financial sector, strengthening its long-standing partnership with Baader Bank and collaborating with Elevator Ventures / Raiffeisen Bank. This marks the beginning of a new chapter in our growth, one where we work alongside carefully chosen institutions that align with our long-term vision. Each partnership strengthens our position as a trusted infrastructure provider for regulated institutions across Europe.

Looking ahead, we will selectively add a small number of like-minded banking partners who share our values and ambitions. We are building an ecosystem where the right institutions will naturally want to join us on this journey.

Investors also highlighted Tangany’s role in shaping Europe’s financial infrastructure:

Digital assets will play a critical role in the future of financial markets, and regulated infrastructure is key to enabling that transformation. Tangany has shown both the regulatory maturity and the technological depth needed to serve financial institutions at scale. We’re proud to support a company that’s helping shape the future of custody in Europe.

Tangany is uniquely positioned at the intersection of digital innovation and institutional-grade compliance. Their technology stack and regulatory-first mindset align with what banks need to safely enter the digital asset space. We’re excited to join them on this next chapter of European expansion.

Tangany is a transformative force at the intersection of traditional finance and blockchain technology, providing regulated, secure, and highly flexible digital asset custody solutions that enable institutions to expand into digital asset markets with confidence — unlocking full growth potential amid rising market demand. We look forward to supporting them on their mission to become the go-to custody backbone of digital finance.

Tangany’s digital assets under custody have grown 7.5x from €400m to €3bn since we led the company’s Seed round in 2022. That success has established the provider’s significance in the European financial ecosystem and has attracted some of the largest institutions around to join the mission as shareholders. This is a testament to the team, the product, and the traction to date. We’re delighted to see Tangany close such a strong Series A round, and we cannot wait to see what’s next for the company.

We’ve believed in Tangany’s vision from the beginning, and it’s been remarkable to watch them grow into a regulated, pan-European infrastructure provider. Their ability to execute with precision, maintain trust with institutions, and adapt to new regulations makes them a standout in the space. We’re pleased to continue supporting them in this next phase.

About Tangany

Tangany is an innovative, BaFin-regulated Fintech company based in Munich. Tangany offers a market-leading B2B solution for the custody of digital assets on the blockchain (e.g., cryptocurrencies, tokenized securities, NFTs). Our solution is already used by more than 60 institutional clients, including banks, trading platforms, corporations, and fintechs.

We enable our clients to easily and reliably deploy blockchain technology via the integration of our modern API into their systems. This white-label solution saves significant cost and time for in-house development, enabling faster time-to-market and a greater focus on their own products and services. Tangany's crypto custody licence also covers regulatory requirements if needed.

With the continuous development of our solution, we support the financial industry on its way to making digital assets accessible to everyone. More information at https://tangany.com or on LinkedIn.

About Baader Bank

Baader Bank is one of the leading European partners for investment and banking services. Trading and banking are combined using a single powerful platform that offers a unique setup and optimum access to the capital market using a secure, automated, and scalable approach. As a family-run full-service bank with its headquarters in Unterschleissheim near Munich, Baader Bank AG employs around 650 staff members and operates in Market Making, Capital Markets, Brokerage, Fund Services, Account Services, and Research Services.

About Elevator Ventures 

Elevator Ventures is the venture capital fund backed by Raiffeisen Bank International, Raiffeisen-Holding Niederösterreich-Wien, and Raiffeisen-Landesbank Steiermark, and manages funds of more than 100m€ to elevate the growth of technology companies in Fintech and Beyond Banking. The team invests in Series A and B growth equity rounds in DACH and CEE and uses the deep expertise and intel of its corporate investors to support their portfolio companies. To date, Elevator Ventures has deployed over €50 million, with investments into 20 companies - resulting in five exits - and into two additional funds.

About Heliad Crypto Partners

Heliad Crypto Partners is the blockchain and digital assets investment arm of Heliad AG, a publicly listed venture capital house focused on supporting market-leading companies across various verticals and regions to power their next phase of growth pre, at, and post IPO, acting as a gateway to public equity capital markets. Heliad Crypto invests across multiple segments within the crypto, blockchain, and digital assets spaces, with investment mandates ranging from direct venture and fund-of-fund investing to discretionary as well as programmatic liquid crypto and DeFi strategies. Find us at www.crypto.heliad.com or follow us on LinkedIn.

About Nauta Capital 

Nauta is a pan-European venture capital firm investing in early-stage B2B software companies with offices in London and Barcelona. With over half a billion assets under management, almost 20 years of investing, and a team of 24 people, Nauta is one of Europe’s largest B2B focused VCs. As a sector-agnostic investor, Nauta’s main areas of interest include B2B SaaS solutions with strong network effects, vertically focused enterprise tech transforming large industries, as well as those leveraging deep-tech applications to solve challenges faced by large enterprises. Nauta has led investments in more than 90 companies. Find out more at www.nautacapital.com.

About HTGF - High-Tech Gründerfonds 

HTGF is one of the leading and most active early-stage investors in Germany and Europe, financing startups in the fields of Deep Tech, Industrial Tech, Climate Tech, Digital Tech, Life Sciences, and Chemistry. With its experienced investment team, HTGF supports startups in all phases of their development into international market leaders. HTGF invests in pre-seed and seed phases and can participate significantly in later-stage financing rounds. Since its inception in 2005, HTGF has financed more than 780 startups and achieved almost 200 successful exits. HTGF has a fund volume of over 2 billion euros. Fund investors in the public-private partnership include the Federal Ministry for Economic Affairs and Energy, KfW Capital, as well as 45 companies and family offices. For more information, please visit HTGF.de or follow us on LinkedIn.