Nexo, a crypto lender, operates in the European Economic Area through two German partners holding MiCAR licenses. Tangany, a Munich-based asset custody specialist, manages custody for over 3 billion euros in assets under custody, serving over 60 institutional clients and 700,000 end customers. DLT Finance, based in Frankfurt and authorized by BaFin under MiFID II, handles brokerage and trading functions. This structure enables Nexo to benefit from the European passport and operate across all EEA member states under a unified regulatory framework, avoiding the maze of national VASP and CASP registrations. The NEXO token functionality within the platform will not be modified by this MiCAR transition.
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