TANGANY Company

Tangany Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Tangany was founded on September 1, 2018, in Munich, Germany. The company was established as a regulated European blockchain custody provider, offering services primarily to businesses (B2B SaaS). This focus on blockchain technology positions Tangany as a significant player in the growing fintech sector.

Parent Company/Ownership Structure

Tangany operates as an independent entity but is regulated under the supervision of the Federal Financial Supervisory Authority (BaFin) in Germany. The company is co-founded by Alexey Utin, Christopher Zapf, Hans Nickel, and Martin Kreitmair, who play integral roles in its strategic direction and operations.

Headquarters Location

The headquarters of Tangany is located in Munich, Bavaria, Germany. This central location within Europe allows for strategic access to various financial markets and regulatory frameworks.

Global Business Scope

Tangany‘s services are available worldwide, catering to a diverse clientele that includes banks, trading platforms, industrial companies, and other fintech firms. The company’s solutions are designed to be scalable and adaptable to the needs of various business models.

Main Regulatory Bodies

Tangany is primarily regulated by BaFin, which oversees financial institutions and ensures compliance with strict financial regulations in Germany. This regulatory framework helps build trust with clients, ensuring that their digital assets are managed securely.

2. Company History and Development

Key Milestones

• 2018: Tangany was established, focusing on blockchain custody services.
• 2020: The company raised €7 million to support its growth strategy, particularly in the wallet-as-a-service sector.
• 2023: Tangany partnered with justTRADE to provide a fully regulated custody infrastructure for digital assets, marking a significant milestone in its service offerings.

Business Expansion Journey

Since its inception, Tangany has expanded its service offerings to include a comprehensive custody solution for digital assets, including cryptocurrencies, tokenized securities, and NFTs. The company has successfully integrated its services with various trading platforms, enhancing its market presence.

Customer Base Growth

Tangany has grown its customer base to over 50 institutional clients, demonstrating its ability to attract significant players in the financial sector. The companys commitment to security and regulatory compliance has been a key factor in this growth.

Platform Development History

Tangany has developed a robust platform that integrates modern APIs, allowing clients to easily incorporate blockchain technology into their systems. The platform is designed to reduce the costs and time associated with in-house development, providing a white-label solution that is both efficient and user-friendly.

Important Awards or Recognitions Received

While specific awards were not detailed in the sources, Tangany is recognized for its innovative approach to blockchain custody and its regulatory compliance, positioning it favorably within the fintech community.

3. Trading Services Offered

Forex Trading Options

Tangany does not primarily focus on forex trading; however, it provides custody solutions for various financial instruments, including cryptocurrencies. The companys offerings are more aligned with digital assets rather than traditional forex trading.

Stock Trading Options

Tangany does not directly offer stock trading services. Instead, it focuses on providing custody solutions for tokenized securities, enabling clients to manage and secure their digital assets effectively.

CFD Trading Products

The company does not specifically mention CFD trading products in the information available. Its primary focus remains on custody services for digital assets.

Other Financial Instruments

Tangany offers custody solutions for a variety of digital assets, including:

• Cryptocurrencies: Secure storage and management of various cryptocurrencies.
• Tokenized Securities: Custody services for digital representations of traditional securities.
• NFTs: Solutions for managing and securing non-fungible tokens.

Special Services or Unique Advantages

Tangany‘s unique advantage lies in its fully regulated custody solution, which integrates seamlessly with clients' trading systems. The company’s commitment to minimizing disruption during migrations, as demonstrated during its partnership with justTRADE, highlights its operational efficiency.

4. Regulatory and Legal Background

Detailed Regulatory Information

Tangany is regulated by BaFin, which is responsible for overseeing financial institutions in Germany. This regulatory body ensures that Tangany adheres to strict compliance and operational standards.

Legal Entity Structure by Region

As a German entity, Tangany operates under the legal frameworks established by German financial law. Its regulatory compliance covers all aspects of crypto custody, ensuring that client assets are protected.

Client Fund Protection Measures

Tangany employs various measures to protect client funds, including:

• Segregation of Assets: Client assets are kept separate from Tanganys own assets, ensuring that clients' holdings are protected in the event of insolvency.
• Regulatory Compliance: Adhering to BaFin regulations provides an additional layer of security for clients.

Countries/Regions Served

Tangany serves clients globally, providing custody solutions for businesses looking to manage digital assets securely. Its regulatory compliance allows it to operate across various jurisdictions.

Compliance History

Tangany has maintained a strong compliance history, working closely with regulatory bodies to ensure that its operations meet the required legal standards. This commitment to compliance has been pivotal in building trust with its clients.

5. Competitive Landscape

3-5 Main Competitors

1. Finoa: A regulated crypto custodian based in Germany, offering similar custody services for digital assets.
2. BitGo: A global leader in digital asset custody, providing multi-signature wallets and security for cryptocurrencies.
3. Coinbase Custody: A well-known custodian for institutional investors, offering secure storage solutions for digital assets.
4. Ledger Vault: A custody solution aimed at institutional clients, providing a secure way to manage digital assets.

Positioning in the Industry

Tangany positions itself as a trusted provider of regulated custody solutions for digital assets, focusing on security and compliance. Its partnership with justTRADE enhances its reputation as a reliable infrastructure provider for digital asset management.

Market Differentiation Factors

Tangany differentiates itself through:

• Regulatory Compliance: Being regulated by BaFin provides a competitive edge in attracting institutional clients.
• Seamless Integration: The ability to integrate its custody solutions with clients' existing trading systems enhances usability.
• Focus on Security: Tanganys commitment to minimizing disruption during migrations showcases its operational efficiency and client-centric approach.

Conclusion

Tangany is a pivotal player in the digital asset custody space, leveraging its regulatory framework and innovative solutions to serve a growing clientele. With a strong foundation and commitment to compliance, the company is well-positioned to navigate the evolving landscape of blockchain technology and digital finance.

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