Nexo said on July 28 that its products remain available across the European Economic Area through an operating structure involving two regulated German partners.
Summary
- Nexo routes EEA custody through Tangany and brokerage through DLT Finance under licensed European infrastructure.
- MiCA’s transition ended July 1, requiring covered crypto services to use authorised European providers thereafter.
- Earn rewards and crypto-backed loans remain outside the partners’ MiCA and MiFID authorisations, Nexo says.
Tangany provides digital-asset custody, while DLT Finance supplies brokerage infrastructure for crypto-assets and financial instruments.
The announcement does not identify a MiCA crypto-asset service provider authorisation held by Nexo itself. Instead, Nexo attributes the regulated custody and brokerage functions to Tangany and DLT Finance. The platform said the arrangement completed a testing phase without disrupting customer access.
Nexo’s MiCA setup separates custody from brokerage
Tangany holds EEA client crypto-assets through its Munich-based custody infrastructure. The company received its MiCA licence in September 2025, covering custody, transfers and staking services. Tangany said the approval allows it to passport those services across the European Union.
DLT Finance is the operating brand of DLT Securities GmbH. Under Nexo’s arrangement, it provides brokerage and execution infrastructure. Public licence data list DLT Securities as a German MiCA-authorised provider for services including exchanging crypto-assets, executing orders and placing crypto-assets. The firm also operates as an investment firm under MiFID II.
This division means the companies performing covered custody and trading functions hold the relevant permissions. Nexo continues to control the client-facing wealth platform and user experience.
MiCA entered application before the July deadline
Nexo’s release says compliance was achieved ahead of MiCAR’s “entry into force.” The more precise reference is the end of the transitional period. MiCA entered the EU statute book in 2023, its stablecoin provisions began applying on June 30, 2024, and the remaining rules applied from December 30, 2024.
Existing providers in qualifying national regimes could continue operating temporarily. That final EU-wide transition ended on July 1, 2026. ESMA said firms providing covered crypto services after that date must hold MiCA authorisation or stop those activities.
Notably, MiCA’s transition deadline forced unlicensed platforms to wind down or transfer customers. Nexo’s partner-led model allowed its covered services to remain available rather than undergo a broad EEA suspension.
Lending and rewards sit outside partner licences
Nexo’s EEA website states that custody, trading and futures are provided through Tangany and DLT Finance under their MiCA and MiFID authorisations. However, Earn rewards and crypto-backed loans are separate products offered under different terms and outside the scope of those partner permissions.
That distinction matters because MiCA does not provide a complete regulatory framework for crypto lending. European lawmakers are already examining whether future rules should cover lending, staking, decentralised finance and other activities not fully addressed by the current regime.
Nexo said all of its existing services remain available in the EEA, but that statement is a company representation. Customers still need to review the legal entity and terms governing each product because protections can differ between custody, trading, rewards and credit services.
Partner models may become more common in Europe
Nexo’s structure shows how platforms can retain their brands and interfaces while outsourcing regulated functions to authorised European infrastructure firms. Kraken previously entered Germany through a partnership with DLT Finance, using a similar local-infrastructure approach.
Such arrangements may become more common as MiCA raises compliance, capital and staffing costs. As crypto.news reported, those costs could encourage further partnerships, acquisitions and consolidation across Europe’s digital-asset sector.
No additional launch date or product migration was announced. The immediate next step is continued operation under the new structure, with Tangany and DLT Finance responsible for their authorised functions.
ESMA has advised customers to verify the exact provider and permitted services in its MiCA register. Authorisation applies to named legal entities rather than an entire international brand or every product displayed inside one application.
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