Regulators and Crypto Firms Align to Fuel Europe's Fintech Future

German Fintech Tangany has raised €10 million in funding to expand its regulated crypto custody services across Europe. The funding, secured to accelerate the firm’s ambitions in the European market, will be used to enhance its secure custody solutions for institutional investors and further integrate with the region’s evolving regulatory landscape. The move underscores growing investor confidence in the crypto custody sector as European regulators continue to formalize standards under the Markets in Crypto-Assets (MiCA) framework.

The European Commission has recently signaled a shift in focus from further revisions to the MiCA framework toward broader financial innovation, particularly the tokenization of real-world assets (RWAs). At the FintechOn Summit in Taipei, Peter Kerstens, adviser to the Commission, emphasized that while MiCA has provided a foundational regulatory structure, the future lies in leveraging distributed ledger technology (DLT) to modernize traditional financial markets. Tokenization of equities, bonds, and derivatives is expected to drive efficiency, transparency, and global competitiveness in European financial systems [1].

This focus on tokenization aligns with global trends where major financial institutions in the U.S. and Asia are already exploring tokenized assets, including real estate and funds. By prioritizing this innovation within the Saving and Investment Union (SIU), the EU aims to establish itself as a leader in integrating blockchain into mainstream finance. The SIU, scheduled for presentation in December, is designed to facilitate cross-border investments by European households and is seen as a pivotal step in transforming the continent’s financial ecosystem.

Regulatory frameworks like MiCA continue to shape the operational landscape for crypto firms in Europe. In Bulgaria, the Markets in Crypto-Assets Act (MICAL), implemented in July 2025, has adapted MiCA standards to local conditions, outlining licensing procedures and compliance requirements. The legislation mandates that crypto-asset service providers (CASP) submit detailed dossiers covering governance, risk management, and operational resilience. These requirements ensure firms meet prudential and compliance standards, including minimum capital thresholds and cybersecurity preparedness [2].

As Tangany and other fintechs expand their services, the need to align with evolving regulatory expectations remains critical. With MiCA’s grandfathering period set to expire by mid-2026, firms must secure licenses to continue operating within the EU. The Bulgarian example illustrates how national regulators are adapting EU-wide rules to create a cohesive, compliant environment. For companies like Tangany, navigating these requirements offers a path to secure a passporting license, allowing cross-border operations with minimal additional regulatory hurdles.

The integration of secure custody solutions, such as those Tangany is developing, is essential for institutional adoption of crypto assets in Europe. As regulatory clarity increases and tokenization initiatives gain momentum, firms that can provide trusted, compliant infrastructure will be well positioned to capture a growing share of the market. The €10 million raise by Tangany is a clear signal that both the market and regulators are aligning to support the next phase of European fintech growth.

Source:

[1] European Commission to Prioritize RWA tokenization over ... (https://cryptodnes.bg/en/european-commission-to-prioritize-rwa-tokenization-over-mica-2-0/)

[2] MiCA regulation in Bulgaria: What crypto firms need to know (https://cyberupgrade.net/blog/compliance-regulations/mica-regulation-in-bulgaria-licensing-implementation-and-what-crypto-firms-need-to-know/)