D2X
Amsterdam, NL · Founded 2020 · 26 employees on LinkedIn · 13 known investors
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D2X builds regulated market infrastructure for trading digital assets, aimed at institutional participants. Based in Amsterdam, it operates a multilateral trading facility (MTF) under an investment firm license from the Dutch AFM.
Also known as D2X Group · D2X Group N.V.
Founders & leadership
D2X was founded in 2020 by Laetitia Grimaud (Agaesse), Theodore Rozencwajg, Don van der Krogt, and Laetitia Grimaud.
Investors · 13
Also in the syndicate · 4
Funding
SEC filings, press & company announcements$10M disclosed across 1 of 4 rounds · 2022–2025
- $10MSeries AMar 2024 · 2 sources
Point72 Ventures (lead), Fortino Capital, GSR Markets, Jabre Capital Partners, Picus Capital, Tioga Capital, TRGC
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026D2X is an Amsterdam-based financial technology company that builds and operates a regulated pan-European derivatives exchange for digital assets. The venue lists cash-settled futures and options on crypto assets, denominated in euro, for trading by financial institutions. The operating entity, D2X Group N.V., holds an investment firm license to operate a multilateral trading facility (MTF) granted by the Dutch Authority for the Financial Markets (AFM) and is supervised by the AFM and De Nederlandsche Bank (DNB).
The company positions itself as the first regulated crypto derivatives trading platform in the EU operating seven days per week, with the exchange launch planned for the second financial quarter of 2024. Its stated approach is regulatory-first: by listing cash-settled, euro-denominated instruments, it aims to address the operational risks and fragmented regulatory treatment that have limited institutional participation in the asset class, and it expects to operate under the EU's MiCA framework. Alongside the trading venue, the company's positioning covers risk management, collateral management and MiFID II-aligned compliance for institutional trading workflows.
Founding story
D2X was founded in 2020 by Theodore Rozencwajg, Don van der Krogt and Laetitia Grimaud with the objective of bridging digital assets and traditional finance for institutional participants, motivated by gaps in European market infrastructure such as limited liquidity, operational risk and the absence of institutional-grade venues.
Business model
B2B marketplace: D2X operates a trading venue for institutional counterparties, with a marketplace/commission-based model as characterised by third-party market data on the company.
Marketplace commission on trading activity conducted on the exchange.
Traction
Third-party firmographic data lists roughly 27 employees and increases in open roles during 2026. The company has raised institutional venture funding across seed, Series A and a subsequent VC round.
Latest developments
Third-party market data records a further VC round dated 29 July 2025 and a rise in open roles during 2026; company materials describe the exchange as live for institutional trading of crypto futures and options seven days a week.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
D2X is positioned as a regulated European venue for institutional crypto derivatives, competing with venues such as GFO-X, EDXM and Kraken according to third-party comparables analysis.
The company cites its AFM investment firm license to operate an MTF, supervision by the AFM and DNB, euro-denominated cash-settled contracts, and seven-days-a-week trading on a regulated EU venue.
Technology
A trading platform for cash-settled futures and options on digital assets, combining an order-driven exchange interface with a risk management framework and collateral management, operated under a multilateral trading facility structure.
Go-to-market
Direct institutional sales, with prospective trading firms contacting the company through its website to onboard onto the venue; the company also references partners and institutional participants trading on the platform.
Financial institutions and institutional investors seeking regulated exposure to crypto derivatives, including trading firms and other professional market participants.
Geography
Headquartered in Amsterdam, the Netherlands (IJsbaanpad 2, 1076 CV), with a pan-European focus and stated ambitions for further international expansion.
History
Founded in 2020 in Amsterdam, D2X closed a €5 million seed round in January 2022 led by Tioga Capital Partners to build its exchange. In March 2024 it obtained authorisation from the Dutch AFM to operate a crypto derivatives trading platform and announced a $10 million Series A led by Point72 Ventures, with a venue launch targeted for the second quarter of 2024. Third-party data records a further VC round dated July 2025.
Risks & controversies
As a licensed investment firm operating an MTF, D2X is subject to ongoing supervision by the AFM and DNB and to the EU's MiCA framework, making regulatory compliance central to its operations.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filingsD2X announced a $10 million Series A round that closed on 11 March 2024, led by Point72 Ventures, with participation from GSR Markets, Tioga Capital, Fortino Capital, Jabre Capital Partners, Picus Capital and TRGC.
$10M source ↗
D2X received approval from the Dutch Authority for the Financial Markets (AFM) to operate a crypto derivatives trading platform in the Netherlands, which the company said would allow it to operate under the EU's MiCA framework. The company holds an investment firm license to operate a multilateral trading facility and is supervised by the AFM and DNB.
D2X announced a €5 million seed funding round led by Tioga Capital Partners with participation from Flow Traders, Fortino Capital, Kima Ventures and Picus Capital, to be used to expand the core team and accelerate development of its digital asset derivatives exchange.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- D2Xd2x.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does D2X do?
- D2X operates an Amsterdam-based, AFM-regulated exchange for euro-denominated crypto futures and options for institutions.
- Who founded D2X?
- D2X was founded by Laetitia Grimaud (Agaesse), Theodore Rozencwajg, Don van der Krogt, Laetitia Grimaud in 2020.
- Who are D2X's investors?
- D2X's investors include Flow Traders, Kima Ventures, PICUS CAPITAL, Plassa Capital, Point72 Ventures, Tioga Capital Partners, TRGC, Circle & Co. and 1 more.
- How much funding has D2X raised?
- D2X has disclosed $10M raised across 1 of its 4 known rounds.
- Where is D2X headquartered?
- D2X is headquartered in Amsterdam, NL.