Nexo confirmed MiCAR compliance across the EEA through partnerships with German-licensed custody and brokerage providers.
Regulation & Gov ·
Nexo has structured its European Economic Area operations through partnerships with two German-licensed providers to ensure compliance with the Markets in Crypto-Assets Regulation (MiCAR) upon its entry into force. Tangany handles custody services for digital assets at an institutional level, while DLT Finance—holding authorizations under both MiFID II and MiCAR—manages brokerage activities for digital assets and related financial instruments.
This localized infrastructure arrangement represents Nexo's approach to meeting the bloc's incoming regulatory framework. By splitting operational functions across licensed German partners rather than operating a single consolidated entity, the platform aims to distribute compliance obligations and leverage existing regulatory approvals in the jurisdiction.
The announcement does not specify the timeline for full MiCAR enforcement, the scope of products available under this structure, or whether similar arrangements extend to other EEA member states where Nexo may serve users. The extent to which this setup will satisfy regulators in individual jurisdictions or whether additional licensing may be required in other EEA countries remains unaddressed.