on Baader Wertpapierhandelsbank AG (ETR:BWB)
Baader Bank Enhances Strategic Partnership with Tangany GmbH
Baader Bank has acquired a minority stake in Tangany GmbH, a Munich-based FinTech company. The collaboration began in 2022, with Tangany providing crypto custody services within Baader Bank's B2B2C model. This investment not only expands Baader Bank's portfolio but strengthens its commitment to crypto trading and regulatory security in digital assets.
The partnership aims to enhance synergies and accelerate development of innovative crypto solutions, focusing on European customers. Oliver Riedel, Deputy CEO of Baader Bank, highlights the strategic importance of this move in setting new standards for regulated frameworks in the crypto trading sector.
Both companies operate in a fully regulated environment, allowing them to scale projects efficiently. Baader Bank now holds a MiCAR licence, positioning it as a leading partner in the European cryptocurrency market.
R. E.
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