PwC Legal advises Tangany on obtaining its BaFin PSD2 Payment Services Provider licence for E-Money Token payments
Frankfurt, 26. March 2026
A team from PricewaterhouseCoopers Legal AG Rechtsanwaltsgesellschaft (PwC Legal) advised Tangany GmbH (Tangany) on the successful obtainment of its licence under the German Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz – ZAG).
With the newly granted Payment Services Directive licence (PSD2) for activities relating to E‑Money Tokens (EMTs) under MiCAR, Tangany expands its regulated service portfolio. The licence bridges the regulatory frameworks of ZAG and MiCAR and forms the basis for Tangany to complement its digital asset infrastructure with fully regulated, EU‑wide payment services, thereby enabling the legally compliant processing of EMT stablecoin transactions for banks and other financial institutions.
In the licensing procedure, PwC Legal provided comprehensive legal and regulatory support, covering financial services regulatory advice and related matters necessary to secure the PSD2/ZAG licence from BaFin.
Based in Munich and regulated by the German Federal Financial Supervisory Authority (BaFin), Tangany is among Europe’s leading providers – both technologically and in terms of regulatory compliance – for the custody of digital assets. The company offers an infrastructure that enables financial institutions, corporations, trading platforms and fintechs to securely store and transfer crypto assets, tokenised securities and NFTs, and is already utilised by more than 60 institutional clients.
We are delighted to congratulate Tangany on this important regulatory milestone. Our team worked closely with Tangany to navigate the regulatory requirements under PSD2 and MiCAR, ensuring a successful outcome in a competitive licensing environment.
Advisors to Tangany GmbH
PwC Legal:
Dr. Hagen Weiss (lead), Dr. Michael Huertas, David Hesse, Fabian Joshua Schmidt (all Frankfurt)
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
