Nash has applied for a MiCA licence from the Dutch Authority for Financial Markets (AFM).
The application is currently under review by the AFM.
This quarter, our focus remained on strengthening Nash’s foundation—both in terms of infrastructure and compliance—while continuing to deliver user-facing improvements.
Here’s what we achieved:
Infrastructure & App Upgrades
In preparation for MiCA, we migrated our entire infrastructure to a more resilient and compliant provider in the Netherlands. Thanks to careful preparation by the DevOps team the transition went smoothly, and many of you have already noticed improvements in speed and reliability. At the same time, we continued updating our app SDKs to ensure Nash stays secure, and future-proof.
New UX Features
We rolled out several enhancements to make your experience more seamless:
• Quick-action slide for faster Ramp interaction (more than 50% of our users use this feature frequently already!)
• Improved swaps with clearer fee displays
• Overall usability improvements to make app flows smoother and more intuitive
Subscription & Referral Program
The subscription model, completed last quarter, is now joined by our fully developed referral program. Both will be released once MiCA compliance is finalized, forming a powerful duo to reward and empower our community forming the backbone of our sustained future growth.
Crypto Payments & Round-Ups
Due to popular demand, we are soon upgrading these features to be also supported by L1 chains (starting with Arbitrum). This step adds support for multiple tokens for your DCA strategies and ensures long-term flexibility—while preserving the same L2 revenue share incentives for NEX holders.
MiCA Progress
We’ve made significant progress through continuous communication with regulators including and not limited to infrastructure upgrades, policy changes and UI/UX adjustments. We are confident to wrap these efforts still in 2025.
Hiring
We are strengthening our presence in The Netherlands and just recently opened a new office. Watch out for upcoming job posts as we will be looking for talent with boots on the ground to fill multiple positions in the marketing, support and compliance departments.
What’s Next? Q4 and beyond…
The road to MiCA approval continues, and we’re finalizing the last requirements. With compliance within reach, we’re preparing:
• Series A investment round (discussions with interested parties are progressing well, and we have received confirmation that a positive MiCA outcome will significantly strengthen our case)
• Public release of subscriptions and referrals
• Marketing with focus on selected local markets
• A refreshed app design and alternative themes
• Continued infrastructure and SDK upgrades
One more thing.. we’ve just launched the internal alpha test of our new Contacts V2 feature and we’d love to share it with you 🙂
Lastly, to our community:
Thanks for sticking with us all these years. Your support and long-standing patience matter. Keep the constructive feedback coming—we read it all!
— The Nash Team
Neon Exchange Aktiengesellschaft is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act – for more information, please see this link
Your card is issued by Modulr Finance B.V. pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
