Munich-based company Tangany has secured €10 million in funding, marking an important step in its strategy for expansion in Europe.
Funding and its Impact on Tangany
The funding was led by Baader Bank and partners, bolstering Tangany's position in Europe’s digital asset landscape under MiCA regulations. This event underscores growing institutional confidence in digital asset custody services.
Expansion of Client Base and Institutional Trust
Tangany's current client base exceeds 60 clients, including well-known platforms such as eToro and Bitvavo. CEO Martin Kreitmair noted that the investors' involvement reflects their shared commitment to building secure, regulated digital asset infrastructure.
Strategic Trends in the Industry
Strategic investments from institutions aim to deepen Tangany's market reach. This move aligns with broader trends of institutional adoption within the crypto industry, as regulation becomes more defined across Europe.
Tangany's funding not only allows for the expansion of its services in Europe but also reflects a deepening institutional interest in the regulation and infrastructure of digital assets.
