Nexo has confirmed it now operates across the European Economic Area by partnering with two German companies that hold licenses under the new MiCAR regulation. This move allows Nexo to comply with emerging EU rules without directly holding certain licenses itself.
Partnerships Supporting Regulatory Compliance
The wealth management platform teamed up with Tangany, a custody service provider, to boost security and control over clients' digital assets. On the brokerage and trading side, Nexo linked with DLT Finance, which brings MiCAR-approved permissions. This dual partnership structure shields Nexo from direct licensing burdens while ensuring full regulatory alignment under MiCAR, the EU’s landmark regulation for crypto-assets.
Industry Response and Wider Implications
As European regulators crack down on unregulated crypto businesses, Nexo’s approach exemplifies how firms can adapt by leveraging licensed local partners. This strategy could become a blueprint for other global crypto platforms facing MiCAR compliance deadlines. Meanwhile, European investors may benefit from improved oversight and safer trading environments. Given current delays in US regulatory decisions, such as those affecting crypto legislation in the Senate, these developments highlight a stronger push for compliance across Europe.
This material is informational and does not constitute financial advice.
