Digital asset wealth platform Nexo achieved full compliance with the EU's Markets in Crypto-Assets Regulation (MiCAR) by partnering with two German firms, Tangany and DLT Finance, both regulated by BaFin. The partnerships enable Nexo to serve its 10 million global clients across the European Economic Area without operational disruptions. Tangany provides custody infrastructure for segregated digital asset storage, while DLT Finance offers brokerage and execution infrastructure for digital assets and financial instruments. Nexo's approach addresses the EU regulatory framework by aligning its operating structure with European standards rather than acquiring a direct MiCAR license. Eleonor Genova, head of communications at Nexo, stated that MiCAR establishes a clear baseline for platform trust and client protection.
Nexo Partners with Tangany and DLT Finance for MiCAR Compliance
Nexo updated its European Economic Area operating structure to comply with MiCAR by splitting client services across Tangany and DLT Finance. Both partners are licensed under MiCAR, and DLT Finance is also authorized under MiFID II. Tangany ensures segregated digital asset storage through custody infrastructure, while DLT Finance provides brokerage and execution infrastructure for digital assets and financial instruments. Following a testing phase, all Nexo services in the EEA remain fully active without service pauses or operational disruptions for users.
Yasen Yankov, chief product officer at Nexo, stated: "MiCAR is the most consequential regulatory framework digital assets have seen in Europe, and Nexo has been preparing for a long time. When it came to choosing DLT Finance and Tangany, the standard was nonnegotiable: Our partners are best-in-class --- rigorously regulated, technically sophisticated, and aligned with how we think about client protection."
Nexo Executives Emphasize Regulatory Clarity as Industry Benchmark
Eleonor Genova, head of communications at Nexo, addressed the regulatory debate by emphasizing that MiCAR provides a defined standard for the industry. "Clear rules are good for the industry's credibility, and by extension for clients. A framework like MiCAR gives institutions and everyday clients a defined standard to measure a platform against," Genova told Bitcoin.com News. "Leaning into that standard was a straightforward decision for us --- regulatory clarity supports the kind of long-term trust we're building with our more than 10 million clients across the globe."
Genova noted that MiCAR acts primarily as an operating baseline rather than a restrictive moat. "Companies that build their operating models around the requirements are positioned to operate with confidence across the EEA," Genova added. "Even if there is a temporary shift [offshore], activity will return as the ecosystem adjusts and improves in response to clear regulations."
Nexo projects that European crypto users will consolidate around a few regulated EEA platforms in 2026.
Infrastructure Partners Highlight Institutional-Grade Compliance Framework
Martin Kreitmair, CEO of Tangany, stated: "This partnership is a strong signal of what's possible in the post-MiCAR landscape with the right partners and institutional-grade custody infrastructure. What our three teams achieved together despite the project's complexity sets a blueprint for institutions navigating the European market."
Alan Kennedy, senior partnerships manager at DLT Finance, stated: "The strongest digital asset platforms are built on infrastructure that clients do not have to think about, it simply works. Our role is to support Nexo with the financial market infrastructure and execution capabilities needed to deliver a seamless user experience across multiple products."
Nexo ranks among the largest centralized crypto lenders globally. The compliance framework solidifies its presence in Europe.
FAQ
What did Nexo do to achieve MiCAR compliance?
Nexo partnered with two German firms, Tangany and DLT Finance, both regulated by BaFin, to achieve full EU MiCAR compliance. Tangany provides custody infrastructure for segregated digital asset storage, while DLT Finance offers brokerage and execution infrastructure for digital assets and financial instruments.
Why did Nexo choose partnerships instead of acquiring a direct MiCAR license?
Nexo updated its European Economic Area operating structure by splitting client services across Tangany and DLT Finance rather than acquiring a direct MiCAR license. Yasen Yankov, chief product officer at Nexo, stated that the partners are "best-in-class --- rigorously regulated, technically sophisticated, and aligned with how we think about client protection."
How does MiCAR affect Nexo's global clients?
Eleonor Genova, head of communications at Nexo, stated that MiCAR gives institutions and everyday clients a defined standard to measure a platform against, supporting long-term trust for Nexo's more than 10 million clients across the globe.
