Nexo’s Continued Operations in the EEA
On July 28, Nexo announced that it continues to offer its products within the European Economic Area (EEA), leveraging an operational framework that includes two regulated partners based in Germany. The company has collaborated with Tangany, which specializes in digital-asset custody, and DLT Finance, which provides a robust brokerage infrastructure for both crypto-assets and various financial instruments.
Nexo clarified that it does not hold MiCA (Markets in Crypto-assets Regulation) authorization directly; rather, it relies on its partners for the regulated custody and brokerage services necessary to operate in compliance with European law.
Partnerships and Compliance
The arrangement with Tangany and DLT Finance has successfully completed a testing phase, ensuring that Nexo’s clients retained uninterrupted access to their services throughout the process. This strategic alignment not only underscores Nexo’s ongoing commitment to meet EU regulatory standards but also demonstrates its proactive approach ahead of the full effect of MiCA regulations.
Under this structure, Nexo pairs its sophisticated global wealth management platform with specialized European infrastructure, maintaining a division of responsibilities where Tangany and DLT Finance manage custody and brokerage, respectively. Tangany, based in Munich, is authorized to manage EEA clients’ crypto-assets, having secured its MiCA license in September 2025, which enables it to offer services such as custody, transfers, and staking throughout the European Union.
DLT Finance, operating under DLT Securities GmbH, offers brokerage and execution services and is officially recognized as a MiCA-authorized provider for various activities that include crypto-asset swaps and order execution, with additional designation as an investment firm under the MiFID II regime.
Regulatory Framework and Future Implications
This separation of custody and trading functions among licensed firms ensures that all executed activities conform to the necessary regulatory permissions. All client-facing operations and user experiences remain under Nexo’s direct control. The compliance announcement from Nexo notably cites the achievement of these regulatory standards before the transitional phase concluded.
“MiCA was officially codified into EU law in 2023, with its stablecoin provisions coming into effect on June 30, 2024. Other rules under MiCA are set to apply from December 30, 2024, and by July 1, 2026, all firms engaging in regulated crypto operations will need to possess MiCA authorization or cease those activities altogether.”
The transition period has made it necessary for unlicensed platforms to either halt operations or transition their customers to compliant services. By implementing a partner-led model, Nexo secures its ongoing service availability across the EEA, thus avoiding a significant operational suspension. While Nexo asserts that all existing services should be accessible to clients within the EEA, customers are advised to carefully evaluate the legal entities and terms of each service due to varying levels of legal protection.
Moreover, it’s essential to distinguish that some products, like crypto-backed loans and Earn rewards, operate under different terms outside the purview of these partner licenses. This distinction is critical, especially since MiCA does not currently offer comprehensive guidelines for crypto lending, prompting European lawmakers to consider future legislation encompassing lending, staking, decentralized finance, and other unregulated sectors.
Future Trends in the Digital-Asset Landscape
The established framework illustrates a potential trajectory for cryptocurrency platforms that wish to maintain brand identity while outsourcing necessary regulatory functions to licensed infrastructure providers in Europe. A similar approach was previously adopted by Kraken in Germany through its partnership with DLT Finance.
As reported, the increasing compliance, capital, and staffing demands imposed by MiCA are likely to fuel a trend toward similar partnerships and consolidation in Europe’s digital-asset landscape.
As of now, no specific timeline for product migration or additional launches has been disclosed. The immediate focus remains on the ongoing partnership whereby Tangany and DLT Finance undertake their authorized responsibilities. ESMA has advised customers to confirm the precise providers and authorized services via the MiCA register, emphasizing that licenses apply to specific legal entities rather than a company’s entire brand or its suite of products.
