As a researcher following Nexo, I’ve observed they’ve adapted their operations within the European Economic Area to comply with the new MiCAR regulations. Instead of trying to secure one comprehensive EU license themselves, they’ve chosen to partner with two regulated entities based in Germany to achieve compliance.
Key Takeaways
- Nexo partnered with 2 German firms, Tangany and DLT Finance, to achieve full EU MiCAR compliance.
- Eleonor Genova noted MiCAR sets a clear baseline for Nexo and its 10 million global clients.
- Nexo projects European crypto users will consolidate around a few regulated EEA platforms in 2026.
Uninterrupted Service Across European Markets
Digital asset wealth platform Nexo has updated its European Economic Area (EEA) operating structure to comply with the EU’s Markets in Crypto-Assets Regulation (MiCAR). Instead of acquiring a direct MiCAR license, Nexo has split its European client services across two German partners regulated by BaFin, Germany’s Federal Financial Supervisory Authority.
Tangany and DLT Finance are partnering to offer a complete solution for digital assets. Tangany, a MiCAR-licensed company, specializes in secure digital asset storage. DLT Finance, also MiCAR-licensed and authorized under MiFID II, handles the buying and selling of digital assets and traditional financial instruments.
These collaborations enable Nexo to provide services that meet European regulatory requirements. After a period of testing, all Nexo services within the European Economic Area continue to operate smoothly, with no interruptions for users.
While some industry players have criticized the EU framework as overregulation, Nexo embraced MiCAR to strengthen institutional trust and long-term stability.
Yasen Yankov, Head of Product at Nexo, stated that the new MiCAR regulation is a landmark moment for digital assets in Europe, and Nexo has been preparing extensively. He emphasized that when selecting partners DLT Finance and Tangany, Nexo had strict requirements: they needed to be top-tier companies with strong regulatory compliance, advanced technology, and a commitment to protecting clients.
Addressing the broader debate around regulation, Eleonor Genova, head of communications at Nexo, emphasized that regulatory clarity provides a much-needed benchmark for the industry.
Having clear rules helps build trust in the crypto industry, benefiting both companies and customers. MiCAR, for example, provides a standard way to evaluate platforms. According to Genova, embracing this standard was an easy choice for their company, as regulatory clarity is essential for fostering the long-term trust they’re building with their over 10 million customers worldwide.
While some worry strict rules might temporarily drive innovation away, Genova explains that MiCAR mainly sets a standard way of operating, rather than creating a barrier. Companies that adapt to these requirements will be able to confidently work throughout Europe. Even if some activity moves elsewhere initially, it’s expected to return as the market develops and benefits from the clarity these regulations provide.
Industry Consolidation and Platform Trust
As the European market consolidates around this regulatory framework, Nexo expects user behavior to shift, with clients migrating toward platforms that prioritize verified compliance and asset protection.
Leaders from companies that help build and maintain Nexo’s systems praised this collaborative success.
Tangany CEO Martin Kreitmair stated that this collaboration demonstrates the potential within Europe’s new regulatory environment (post-MiCAR) when strong partners and secure custody solutions are in place. He highlighted that despite the project’s challenges, their combined teams successfully established a model for institutions entering the European market.
According to Alan Kennedy, Senior Partnerships Manager at DLT Finance, top-performing digital asset platforms prioritize reliable, behind-the-scenes infrastructure that users don’t even notice. DLT Finance aims to provide Nexo with the financial tools and support necessary for a smooth user experience across all its services.
Nexo is one of the world’s biggest crypto lending companies, and its strong commitment to following regulations has established it as a key player in Europe. This positions Nexo to lead the development of secure and regulated digital asset services for managing wealth.
2026-07-29 08:58