Overview
- Nexo confirmed on July 28 that it sustains EEA operations by delegating custody to Munich-based Tangany and brokerage to Frankfurt-based DLT Finance.
- Tangany holds institutional custody under its MiCA licence and reports more than €3 billion in assets under custody, giving Nexo a regulated custody layer for EEA users.
- DLT Finance operates under MiCA and MiFID II authorisations to provide trade execution and brokerage but is still scaling some functions under its new MiCA permission.
- Nexo says Earn rewards and crypto-backed loans fall outside the two partners’ licences, so those products are offered under different legal terms and protections.
- The arrangement kept customer access live after MiCA’s transition ended and illustrates a growing industry pattern of global platforms outsourcing licensed plumbing to local firms while regulators and users are urged to check which legal entity covers each product.