Tangany Company Profile

Background

Tangany is a Munich-based fintech company specializing in the custody of digital assets, including cryptocurrencies, tokenized securities, and NFTs. Founded in 2018, Tangany is regulated by the German Federal Financial Supervisory Authority (BaFin) and holds a German crypto custody license.

Mission & Vision

Tangany aims to empower the financial industry by providing accessible, secure, and innovative digital asset custody solutions. The company is committed to driving innovation and using technology to improve the way people access and manage their assets.

Key Strategic Focus

Tangany's strategic focus is on delivering a market-leading B2B solution for the custody of digital assets. The company's core objectives include providing secure and compliant custody services, facilitating seamless integration of blockchain protocols into client systems, and supporting a wide range of digital assets. Tangany's primary markets include financial institutions, brokers, fintech companies, corporations, and asset managers.

Financials and Funding

Tangany has demonstrated consistent revenue growth since its inception. In 2024, the company reported a revenue of $5.4 million, up from $3.8 million in 2023. The company has raised a total of $7.8 million in funding over multiple rounds, with a notable seed round in April 2022.

Technological Platform and Innovation

Tangany's technological platform is centered around its Wallet-as-a-Service (WaaS) solution, which offers secure storage and management of digital assets. The platform supports over 250 cryptocurrencies and utilizes advanced security technologies, including Hardware Security Modules (HSM) and Multi-Party Computation (MPC). Tangany's API-first approach ensures seamless integration into client systems, enabling real-time and 24/7 transaction execution.

Leadership Team

Martin Kreitmair: Chief Executive Officer and Co-Founder.

Christopher Zapf: Chief Compliance Officer and Co-Founder.

Alexey Utin: Chief Technology Officer and Co-Founder.

Heinrich Polke: Chief Financial Officer.

Marcel Nellesen: Chief Product Officer.

The leadership team brings extensive experience in fintech, compliance, technology, and product development, driving Tangany's innovation and growth.

Competitor Profile

Market Insights and Dynamics

The digital asset custody market is experiencing significant growth, driven by increasing institutional adoption of cryptocurrencies and tokenized assets. The demand for secure and compliant custody solutions is escalating, positioning companies like Tangany at the forefront of this evolving industry.

Competitor Analysis

Tangany operates in a competitive landscape with several notable companies:

Pundi X Labs: Provides blockchain-based point-of-sale solutions, enabling businesses to accept cryptocurrency payments.

Future FinTech Group: Engages in fruit juice production and financial technology businesses, including blockchain-based e-commerce platforms.

Polkadot Network: Operates a blockchain network platform facilitating interoperability between different blockchains.

Fasset: Offers a blockchain-based platform for the issuance, offering, and trading of infrastructure assets.

Tangany differentiates itself through its regulated status, comprehensive custody solutions, and focus on institutional clients.

Strategic Collaborations and Partnerships

Tangany has established significant partnerships to enhance its market position:

eToro Group: In January 2024, eToro partnered with Tangany to manage the custody of digital assets.

Dwpbank: In March 2023, Dwpbank collaborated with Tangany to offer digital asset services to its clients.

These partnerships underscore Tangany's credibility and the growing demand for its custody services among prominent financial institutions.

Operational Insights

Tangany's strategic considerations include maintaining a strong regulatory compliance framework, leveraging its technological platform to offer scalable and secure custody solutions, and focusing on institutional clients to drive growth. The company's competitive advantages lie in its regulated status, comprehensive service offerings, and ability to integrate seamlessly into client systems.

Strategic Opportunities and Future Directions

Tangany's strategic roadmap includes expanding its service offerings to support a broader range of digital assets, enhancing its technological platform to meet evolving client needs, and exploring new market segments. The company's current strengths position it to capitalize on the growing demand for secure and compliant digital asset custody solutions.