Nexo keeps EU services live with MiCA partners

Nexo said on July 28 that its products remain available across the European Economic Area through an operating structure involving two regulated German partners. Summary Nexo routes EEA custody through Tangany and brokerage through DLT Finance under licensed European infrastructure. MiCA’s transition ended July 1, requiring covered crypto services to use authorised European providers thereafter. Earn rewards and crypto-backed loans remain outside the partners’ MiCA and MiFID authorisations, Nexo says. Tangany provides digital-asset custody, while DLT Finance supplies brokerage infrastructure for crypto-assets and financial instruments. The announcement does not identify a MiCA crypto-asset service provider authorisation held by Nexo itself. Instead, Nexo attributes the regulated custody and brokerage functions to Tangany and DLT Finance. The platform said the arrangement completed a testing phase without disrupting customer access. Nexo reaffirms EU compliance, achieved ahead of MiCA's entry into force.Nexo's tailored setup pairs its global wealth platform with dedicated, licensed European infrastructure – splitting custody and brokerage across two regulated partners.Nexo products ...