Wallet maker Tangem doubles annual revenue to more than $60 million as self-custody shifts toward ‘active’ use

Tangem reported a 102% year-over-year revenue increase, reaching $61.3 million in 2025, driven by a move towards “active self-custody.” This means users are increasingly using Tangem’s mobile app for transactions after purchasing hardware wallets, rather than simply using them for dormant storage. The company attributes this to its mobile-first design, utilizing NFC-enabled cards and rings. Monthly active users for in-app services rose 50%. Tangem is evolving from a cold storage provider to a daily financial interface, integrating features like Aave for yield earning and Tangem Pay for non-custodial payments, reflecting a growing demand for hybrid storage solutions that combine security with onchain utility. They plan to expand their hardware lineup further in 2026.

(Source：The Block)