“Can a small Latvian OTC desk bundle its own MiCA + PI licenses with a sister EMI to become the one-stop crypto-and-fiat account for European businesses?”
Nexdesk is the B2B OTC crypto trading desk within the Globitex group, built to pair with sister company Nexpay UAB (a Lithuanian EMI) so customers can hold IBAN accounts and trade crypto on one platform. Originally a crypto-only desk reliant on Nexpay for fiat rails, Nexdesk secured its own MiCA CASP license in 2025 and a Latvian Payment Institution license in 2026 — making it a dual-regulated crypto + payments entity in its own right, no longer purely dependent on the group EMI for money movement.
Nexdesk discloses Nexpay (in-house group EMI) as its banking provider, according to the Embedded Finance Index 2026.
Nexdesk does not disclose a bank charter of its own; its banking services are provided through Nexpay (in-house group EMI).
Nexdesk processes payments through Nexpay (in-house group EMI). Disclosed money-movement rails: SEPA.
Nexdesk's crypto products run on Nexdesk (self-operated).
The Embedded Finance Index 2026 maps 4 layers in Nexdesk's stack: Payments / PSP (Nexpay (in-house group EMI)); Money movement (SEPA); Banking / BaaS (Nexpay (in-house group EMI)); Crypto (Nexdesk (self-operated)).
Nexdesk is founded in 2023 and headquartered in Riga, Latvia.
Get a read on where your own stack stands against Nexdesk and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.