League of Traders, the social trading platform that enables users to copy trade and participate in competitive trading leagues against peers, today announced it secured $2.4 million in pre-series A financing. The round was led by C3 VC Fund, a venture capital firm based in Frankfurt, Germany that invests in exceptional technology companies worldwide. Additional funding has been provided in this round by Mirana Ventures, the investment arm of ByBit, and Cadenza Capital Management.

 C3 VC Fund portfolio company, Sparrow Tech Private Limited, has received in-principle approval from the Monetary Authority of Singapore (“MAS”) on its application for a major payment institution (“MPI”) licence to provide Digital Payment Token (DPT) services under the Payment Services Act 2019 in Singapore. Sparrow, which specializes in digital asset products and solutions, is currently working to obtain the formal MPI licence.

Tangany, a BaFin-regulated white-label platform for custody of crypto assets, has raised €7m in the seed round led by Nauta Capital. Existing investor HTGF and new investor C3 VC Fund also participated in the round. Tangany’s Crypto Custody service provides highly secure storage for digital assets such as Bitcoin, Ethereum, stablecoins, security tokens and NFTs. Their proprietary solution supports both hot and cold wallets to provide clients the easiest way to adopt blockchain.