Nexo Says MiCAR Gives Clients a Clear Standard for Platform Trust

Nexo has restructured its operations in the European Economic Area to meet the European Union (EU)’s Markets in Crypto-Assets Regulation (MiCAR) standards by using two regulated German partners rather than obtaining a direct single license.

According to a media statement, the two partners are Tangany and DLT Finance. Licensed under MiCAR, Tangany provides custody infrastructure, ensuring segregated digital asset storage. DLT Finance, which is licensed under MiCAR and authorized under MiFID II, provides brokerage and execution infrastructure for digital assets and financial instruments.

Together, these partnerships allow Nexo to offer services that align with European operational standards. Following a testing phase, all Nexo services in the EEA remain fully active without service pauses or operational disruptions for users.

“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,” said Yasen Yankov, chief product officer at Nexo.

“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 while debate exists over whether strict regulatory regimes might temporarily push innovation offshore, 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.”

Executives from Nexo’s infrastructure partners highlighted the significance of the joint achievement.

“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,” said Martin Kreitmair, CEO of Tangany.

“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,” said Alan Kennedy, senior partnerships manager at DLT Finance.

Ranking among the largest centralized crypto lenders globally, Nexo’s compliance framework solidifies its presence in Europe, positioning it to help shape the next phase of regulated digital asset wealth management.