Tangany, a Munich, Germany-based blockchain custody startup, raised a seed financing round of undisclosed amount.
Backers included High-Tech-Gründerfonds and business angels Alex Suarez (CEO of Valchain AG), Philipp Treuner (former manager at Commerzbank GmbH) and Stefan Schindler (former CTO of Genesis Mining).
The capital is intended to accelerate customer growth, enable the further development of the technology and support the application for the German ‘crypto storage license’ with BaFin, in accordance with the Money Laundering Act.
Led by Martin Kreitmair, Christopher Zapf and Alexey Utin, Tangany offers a blockchain crypto storage solution for companies. This includes the secure management of wallets in a kind of digital safe (so-called hardware security module) and the use and communication with various blockchains such as Ethereum, Bitcoin or the customer’s own blockchain. The solution can be integrated into any system using an interface (API). Alternatively, a white-label wallet solution can be used. Tangany serves companies from across the EU and beyond.