Overview
- Nexo is operating in the EEA using two German firms: Tangany handles custody and DLT Finance provides brokerage and trading infrastructure.
- Tangany is reported to hold more than €3 billion in assets under custody and provides custody, transfers and staking services that can be passported across the bloc.
- DLT Finance holds BaFin authorization and MiFID II licensing and is expanding its capabilities after receiving MiCAR approval to support Nexo’s trading functions.
- Nexo says its customer services remain available in the EEA and that the NEXO token’s role and functionality on the platform will not change under the new setup.
- The arrangement shows how EU passporting under MiCAR can let a global platform keep service continuity by outsourcing regulated functions, a model that could drive more local partnerships and consolidation and means customers should check which legal entity covers each product.