Nexo Reworks EEA Setup Under MiCAR Through Two BaFin-Regulated German Partners

New operating structure for Europe

According to the company, the new setup divides key functions between Tangany and DLT Finance, both supervised by Germany’s Federal Financial Supervisory Authority, BaFin. Nexo said Tangany, which is licensed under MiCAR, will provide custody infrastructure, including segregated storage for digital assets.

DLT Finance, also described as MiCAR-licensed and authorized under MiFID II, will provide brokerage and execution infrastructure for digital assets and financial instruments. Nexo said this arrangement brings its EEA operations into line with the EU’s regulatory framework without requiring the company to secure a single direct license of its own.

Services remain live after testing

The company said the transition followed a testing phase and did not interrupt access for users in the EEA. All Nexo services in the region remain fully active, the company said, with no pauses or operational disruption during the changeover.

That continuity is central to the company’s message around the restructuring. Nexo presented the move not only as a compliance update, but also as a way to keep service delivery stable while adapting to Europe’s new operating rules for crypto businesses.

Nexo backs regulatory clarity

The company’s executives framed MiCAR as a useful benchmark rather than a burden. Yasen Yankov, Nexo’s chief product officer, said the firm had been preparing for the framework for a long time and selected partners it viewed as highly regulated, technically strong and aligned with its approach to client protection.

Eleonor Genova, Nexo’s head of communications, said clear rules support both industry credibility and client trust. In comments to Bitcoin.com News, she said MiCAR gives institutions and retail users a defined standard for judging a platform. She also said that while some debate persists over whether stricter rules could temporarily push innovation offshore, the framework should function mainly as an operating baseline for companies that want to serve the EEA with confidence.

Partner firms point to post-MiCAR model

Executives from Nexo’s German partners described the arrangement as an example of how firms can operate under the new European regime. Tangany CEO Martin Kreitmair said the project showed what could be achieved in the post-MiCAR market with the right partners and custody infrastructure, despite the complexity involved.

Alan Kennedy, senior partnerships manager at DLT Finance, said his firm’s role is to provide the market infrastructure and execution capabilities needed to support a seamless user experience across multiple products.

Nexo also said it expects the European market to consolidate around compliance and asset protection standards as MiCAR beds in. The company suggested that clients may increasingly favor platforms that can demonstrate verified compliance under the new framework.

Nexo described itself as one of the largest centralized crypto lenders globally and said the restructuring reinforces its long-term position in Europe as regulated digital asset services mature across the region.