Goodwin has advised Munich based fintech Tangany, a BaFin-regulated provider for the custody of digital assets, on the successful completion of a Series A financing round of 10 million euros.
The financing round was led by a consortium of European institutions: Baader Bank, Elevator Ventures (venture capital arm of Raiffeisen Bank International) and Heliad Crypto Partners. Existing investors such as HTGF and Nauta Capital also participated again, underlining the confidence in Tangany's long-term strategy.
With its BaFin license and the planned adaptation to the upcoming Markets in Crypto-Assets Regulation (MiCA) regulation, Tangany is positioning itself as a pioneer in the regulated European digital asset market. The company aims to be one of the first fully MiCA-licensed custodians, creating a solid foundation for banks and financial service providers looking to enter the crypto market.
The Goodwin deal team was led by counsel Silvio McMiken and included associates Tobias Schulz (both Private Equity) and Philipp Lauer (Tax, all Munich) as well as partner Eram Khan and associate Anuj Ghai (both Antitrust, London).
You can read more about the deal here.