Nexo Confirms EEA MiCAR Compliance via Two Licensed Partners

Nexo has confirmed that its digital asset services across the European Economic Area remain available without disruption after the Markets in Crypto-Assets Regulation (MiCAR) transitional period closed on 1 July 2026. The company said it now operates in the region through two locally licensed partners rather than holding a crypto-asset service provider (CASP) licence in its own name.

Partner-backed model

Custody of EEA client assets is handled by Tangany, a Munich-based digital asset custodian that holds a MiCAR licence and is supervised by Germany's BaFin. Brokerage is provided by DLT Finance, operated by DLT Securities GmbH, a Frankfurt-based investment firm authorised under both MiCAR and MiFID II. DLT Finance acts as the trading counterparty for EEA client trades.

Under this structure, the regulated activities of safeguarding assets and executing trades sit with the two authorised partners. Nexo's own FAQ notes that Earn rewards and crypto-backed loans are offered under Nexo's separate terms and fall outside the partners' MiCAR and MiFID authorisations.

Licensing status

Nexo's announcement describes the arrangement as compliance achieved ahead of MiCAR's entry into force, with the compliance carried by its licensed partners. A client email sent on 30 June did not state that Nexo holds a CASP licence in its own name, and independent MiCA trackers list Nexo's own authorisation as an application in progress rather than a granted licence as of mid-2026.

Nexo filed a MiCA application with Bulgaria's Financial Supervisory Commission in February 2026 and also structured an entity under German regulatory oversight. Both Tangany and DLT Finance appear in BaFin's public register and in the ESMA register of MiCAR-authorised providers.

What the companies said

Nexo Chief Product Officer Yasen Yankov called MiCAR the most consequential regulatory framework digital assets have faced in Europe, adding that the company chose DLT Finance and Tangany against a non-negotiable standard and that all services continue as usual after a testing phase. Tangany CEO Martin Kreitmair described the arrangement as a blueprint for institutions navigating the European market. Alan Kennedy, Senior Partnerships Manager at DLT Finance, said the firm provides the financial market infrastructure and execution capabilities behind the client experience.

The update comes as EU national regulators gain new powers to act against unlicensed providers. As of May 2026, roughly 210 firms had received full CASP authorisation across the bloc, down from a pre-MiCA population of more than 1,200 registered virtual asset service providers, a conversion rate below 18%. Germany, where both Nexo partners are based, had authorised the largest raw number of any member state, dominated by banks and specialist custodians.

Nexo's release also describes the company as among the top three largest centralised crypto lenders globally as of Q3 2025. No source or methodology was provided for that ranking.