Nexo States That MiCAR Provides Customers With a Clear Standard of Trust in Platforms
Crypto asset management platform Nexo has restructured its European Economic Area (EEA) operations to comply with the EU's Markets in Crypto-Assets Regulation (MiCAR). Instead of directly obtaining a MiCAR license, Nexo has partnered with two regulated German firms: Tangany and DLT Finance. Tangany, a MiCAR-licensed custodian, provides segregated digital asset storage, while DLT Finance, licensed under MiCAR and MiFID II, offers brokerage and trade execution infrastructure.
This collaboration allows Nexo to maintain all its EEA services without disruption. Nexo leadership views MiCAR as the most significant regulatory framework for digital assets in Europe, providing a clear standard that builds institutional trust and long-term stability. They argue that clear regulations benefit the industry's credibility and give clients a benchmark to evaluate platforms. While some criticize EU rules as over-regulation, Nexo believes companies that build operational models around MiCAR can operate confidently across the EEA.
Nexo anticipates industry consolidation as users migrate to platforms prioritizing verified compliance and asset protection. The partnership is presented as a model for institutions operating in the post-MiCAR European market, strengthening Nexo's position as a major player in shaping the next phase of regulated digital asset management.
cryptonews.ru07/29 07:31
