Tangany raised €7 million in a seed round led by Nauta Capital.

Tangany, a Munich, Germany-based software startup operating a BaFin-regulated white-label platform for custody of crypto assets, announced a seed equity round closed at €7 million ($7.6 million).

The money was raised from investors led by Nauta Capital, joined by existing investor HTGF and new investor C3 VC Fund.

Tangany, founded in 2018 by Alexey Utin, Christopher Zapf, Hans Nickel and Martin Kreitmair, develops software solutions sold as WaaS (Wallet as a Service) offering highly secure storage for digital assets such as Bitcoin, Ethereum, stablecoins, security tokens and NFTs. Their proprietary solution supports both hot and cold wallets to provide clients the easiest way to adopt blockchain. The company says it manages more than €400 million of digital assets under custody.