Nexo says EEA crypto services remain live through Tangany and DLT Finance

MiCA deadline reshapes service access

In a July 28 statement, Nexo said it continues to operate in the EEA through licensed European infrastructure. The timing is significant because the final EU-wide transitional period under the Markets in Crypto-Assets regime ended on July 1, 2026. After that point, firms offering crypto services covered by MiCA were required to hold authorisation or cease those activities.

Nexo said it had completed the transition without interrupting customer access. The company also described itself as compliant ahead of MiCA’s application, although the relevant milestone in practice was the end of the transitional period rather than MiCA’s original entry into force. MiCA was added to the EU statute book in 2023, its stablecoin rules began applying on June 30, 2024, and the remaining provisions took effect from December 30, 2024.

Two German partners handle regulated functions

Under the structure described by Nexo, custody for EEA clients is handled through Tangany, while brokerage and execution are provided through DLT Finance. Tangany operates custody infrastructure from Munich and received a MiCA licence in September 2025 covering custody, transfers and staking services. The company has said that licence allows it to passport those services across the EU.

DLT Finance is the operating brand of DLT Securities GmbH. Public licence records identify DLT Securities as a German MiCA-authorised provider for activities including exchange of crypto-assets, order execution and placement of crypto-assets. The firm also operates as an investment firm under MiFID II.

This setup separates the regulated custody and trading roles from Nexo’s own customer-facing platform. Nexo continues to run the brand interface and wealth platform, while the licensed partners perform the covered functions.

Nexo’s own authorisation remains unspecified

The announcement did not name a MiCA crypto-asset service provider licence held by Nexo itself. Instead, the company attributed the relevant regulated activities to Tangany and DLT Finance. That distinction is important because MiCA authorisation applies to specific legal entities and services, not automatically to an entire international brand.

ESMA has said customers should verify the exact provider and permitted services in its MiCA register. The end of the transition has increased the importance of checking which entity is responsible for each function presented within a single app or platform.

Rewards and loans sit outside partner permissions

Nexo’s EEA website says custody, trading and futures are offered through Tangany and DLT Finance under their MiCA and MiFID permissions. But the company also says Earn rewards and crypto-backed loans fall outside the scope of those partner authorisations and are offered separately under different terms.

That reflects a broader gap in the current EU framework. MiCA does not create a full regulatory regime for crypto lending, and European policymakers are already considering whether future rules should address lending, staking, decentralised finance and other areas not fully covered today.

Nexo said all of its existing services remain available in the EEA, but that remains the company’s own representation. The legal protections and governing terms may differ across custody, trading, rewards and credit products.

Nexo’s model may point to a wider industry trend. By relying on authorised local infrastructure providers, platforms can keep their brands and user interfaces while outsourcing regulated functions to licensed firms. Similar arrangements have already appeared in Germany, and MiCA’s higher compliance, capital and staffing requirements may push more companies toward partnerships or consolidation.