Tangany, a Munich-based digital asset custodian regulated by BaFin, has raised €10 million (US$11.64 million) in a series A round led by Baader Bank, Elevator Ventures from Raiffeisen Bank International, and Heliad Crypto Partners.

Existing investors HTGF and Nauta Capital also joined the round.

Tangany provides cryptocurrency custody solutions to financial institutions and digital asset platforms.

The company’s assets under custody rose from €400 million (US$465.6 million) in 2022 to more than €3 billion (US$3.49 billion) in 2025, with over 700,000 accounts across 60 institutional clients.

The firm is preparing for expansion across the EU as new MiCA regulations take effect and aims to secure a MiCA license.

The company has doubled revenue since 2022 and increased its workforce to support demand and regulatory requirements.

🔗 Source: Tangany

🧠 Food for thought

1️⃣ Early MiCA compliance creates significant competitive advantages in a consolidating market

Tangany’s regulatory positioning comes at a critical moment when most competitors are struggling with compliance requirements.

As of 2025, 91% of companies providing digital asset services to European customers were not compliant with MiCA, leading to increased operational costs and market consolidation2.

This compliance gap creates substantial barriers for new entrants and forces existing players to either invest heavily in regulatory infrastructure or exit the market entirely.

The MiCA framework requires crypto asset service providers to obtain proper licenses and meet strict governance standards, which demands significant resources and expertise3.

Tangany’s early BaFin regulation and preparation for full MiCA licensing positions them to capture market share from competitors who cannot meet these requirements within the July 1, 2026 deadline for full compliance2.

2️⃣ Traditional banks are embracing digital asset custody through strategic equity investments

The composition of Tangany’s investor base signals a broader shift in how traditional financial institutions approach digital assets.