Germany’s leading crypto custodian, Tangany, is strengthening its compliance approach by implementing a Swiss-developed solution to meet the European Union’s newly enforced anti-money laundering (AML) regulations. The custodian has adopted the Travel Rule Protocol (TRP) by Zug-based fintech 21 Analytics, drawn to its open-source architecture and robust privacy protections.
Meeting the EU’s Travel Rule
With the EU’s updated AML directives now enforcing the so-called Travel Rule, Virtual Asset Service Providers (VASPs) must collect and exchange identifying information about both the sender and recipient in crypto transactions. This has intensified the demand for scalable, secure, and regulation-ready communication solutions across the crypto industry.
Why Tangany Chose a Swiss Solution
While many providers have responded by building closed, permissioned networks, Tangany has taken a different route: choosing 21 Analytics’ TRP, the only open and interoperable protocol currently available. The solution runs on-premises, giving VASPs full control over their infrastructure — a significant advantage under the EU’s upcoming Digital Operational Resilience Act (DORA), which imposes strict requirements on outsourced IT services.
Enabling Decentralised Compliance
The TRP solution also integrates Address Ownership Proof Protocol (AOPP), allowing secure verification of self-hosted wallets without compromising user privacy. According to Simon Kirnberger, Product Owner at Tangany, the adoption has led to a reduction in customer support efforts and improved the end-user experience — a key factor for Tangany’s B2B-focused scalability.
By relying on TRP and avoiding third-party networks, Tangany maintains complete control over its counterparties — a strategic move as institutional demand for crypto custody infrastructure grows. The company, licensed by BaFin, serves over 60 institutional clients via a white-label API platform covering tokenised assets, cryptocurrencies, and NFTs.
Collaboration With Swiss Experts
“We highly appreciate the close collaboration of the 21 Analytics team as well as the stellar user experience of the product,” Kirnberger noted.
21 Analytics has positioned itself as a privacy-first compliance provider, offering an open-source alternative in a space dominated by closed ecosystems. Its approach is gaining traction, especially as regulatory pressures mount across Europe and beyond.
Founded by Early Bitcoin Advocates
Founded in 2020 by early Bitcoin enthusiasts active in the blockchain space since 2014, 21 Analytics is led by CEO Filip Gospodinov, CTO Dominik Spicher, and COO Lucas Betschart. Their TRP software prioritises ease of integration and complete data control, enabling VASPs to scale securely and independently.