Nexo says its EU services stay live by leaning on two licensed German partners
Nexo announced on July 28 that customers across the European Economic Area can continue to use its products thanks to an operating setup that pushes custody and brokerage functions to two MiCA-authorised German firms.
How the arrangement works
- Tangany (Munich) handles custody. It holds EEA client crypto-assets on behalf of Nexo users through its Munich-based custody infrastructure. Tangany received its MiCA licence in September 2025 covering custody, transfers and staking, and can passport those services across the EU.
- DLT Finance (the operating name of DLT Securities GmbH) supplies brokerage and execution infrastructure. Public licence records show DLT Securities is MiCA-authorised for exchanging crypto-assets, executing orders and placing crypto-assets, and it also operates as an investment firm under MiFID II.
Nexo itself is not listed as a MiCA-authorised crypto-asset service provider. Instead, the platform says it retains the client-facing wealth platform and user experience while Tangany and DLT Finance perform the regulated custody and trading functions under their own permissions. Nexo says the partner-led setup completed testing without disrupting customer access.
Why this matters now
- MiCA (the EU’s Markets in Crypto-assets Regulation) became law in 2023 with a staged application: stablecoin rules took effect on June 30, 2024, other rules on December 30, 2024, and the final EU-wide transition period ended on July 1, 2026. From that date, ESMA requires firms providing covered crypto services to hold MiCA authorisation or stop those activities.
- Many unlicensed platforms had to wind down or move customers; Nexo’s model allowed it to keep services available across the EEA by outsourcing regulated functions to authorised providers rather than suspending operations.
What’s in and out of scope
- On Nexo’s EEA site, custody, trading and futures are listed as being provided through Tangany and DLT Finance under their MiCA and MiFID authorisations.
- However, Earn rewards and crypto-backed loans are offered under separate terms and lie outside the partner permissions. That distinction is important because MiCA does not fully regulate crypto lending and other activities such as decentralised finance, staking and some lending practices remain under scrutiny by European lawmakers.
Practical takeaways for customers
- Nexo states its services remain available in the EEA, but users should verify which legal entity and licence govern each product — protections and rules can differ between custody, trading, rewards and credit services.
- ESMA advises customers to check the MiCA register to confirm the exact legal entity that is authorised for a given service; authorisation applies to named entities, not wholesale brand names or every product shown in a single app.
Wider context
- This partner-led approach echoes earlier moves by other exchanges (Kraken previously used DLT Finance in Germany) and may become more common as MiCA raises compliance, capital and staffing costs. Industry observers expect more partnerships, acquisitions and consolidation across Europe’s digital-asset sector as firms adapt.
Next steps
- Nexo did not announce any new launch date or product migrations. For now, Tangany and DLT Finance will continue to operate their authorised functions while Nexo runs the customer-facing platform.
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