Nexo confirmed MiCAR compliance across the EEA through two licensed partners, Tangany and DLT Finance, rather than holding a CASP licence in its own name. The partner-led model is a recognised path under MiCAR as the bloc's transitional period closed on July 1, 2026. Of roughly 1,200 pre-MiCA VASPs, about 210 had received full CASP authorisation as of May 2026.
Nexo said its services across the European Economic Area remain compliant with the European Union's Markets in Crypto-Assets Regulation, operating through two licensed partners rather than a licence held in its own name. The digital assets platform relies on Tangany for custody and DLT Finance for brokerage, both authorised under MiCAR and regulated in Germany.
"The regulatory framework is the most consequential the digital assets industry has faced in Europe, and we selected our partners against a non-negotiable standard," Yasen Yankov, chief product officer at Nexo, said.
Custody of EEA client assets is handled by Tangany, a Munich-based digital asset custodian that holds a MiCAR licence and is regulated by BaFin. Brokerage services are provided by DLT Finance, operated by DLT Securities GmbH, a Frankfurt investment firm authorised under both MiCAR and MiFID II. Nexo has filed its own MiCA applications with regulators in Germany and Bulgaria but does not yet hold a CASP licence in its name, according to public registers and the company's own client communications.
The partner-led model is a recognised path under MiCAR as the bloc's transitional period closed on July 1, 2026. Of roughly 1,200 virtual asset service providers registered before MiCA, about 210 had received full CASP authorisation as of May 2026 — a conversion rate below 18%, according to ESMA register data. Germany, where both of Nexo's partners are based, has authorised the largest number of CASPs of any member state.
Nexo's Earn rewards and crypto-backed loans are offered under the company's own separate terms and fall outside the authorisations held by Tangany and DLT Finance, according to Nexo's FAQ. The company said existing EEA clients are being transitioned to the structure in phases with no action required on their part.
Martin Kreitmair, chief executive officer of Tangany, 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.
Nexo described itself as among the three largest centralised crypto lenders globally as of the third quarter of 2025, though the company did not disclose the methodology behind that ranking.
This article is for informational purposes only and does not constitute investment advice.
