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§ Private Profile · Amsterdam, Netherlands
Regulated crypto derivatives exchange and licensed MTF, with off-exchange collateral and market infrastructure for institutional users.
Based in Amsterdam, Netherlands, D2X Group operates a regulated cryptocurrency derivatives exchange designed to facilitate digital asset transactions for institutional investors and professional trading firms. The company provides an institutional-grade market infrastructure that enables continuous 7-days-a-week trading capabilities while utilizing off-exchange collateral solutions to bridge traditional finance with digital asset markets. Operating as a licensed investment firm, the platform functions as a Multilateral Trading Facility under the regulatory supervision of the Dutch Authority for the Financial Markets (AFM) and De Nederlandsche Bank (DNB). By securing these licenses, the exchange allows traditional financial institutions to access crypto derivatives within a compliant European legal framework. The organization sustains its business model by generating revenue through exchange fees applied to the trading volume executed across its marketplace. D2X Group was established in 2020 by founder Theodore Rozencwajg.
D2X Group has raised $20.9M across 3 funding rounds.
D2X Group has raised $20.9M in total across 3 funding rounds.
D2X Group has raised $20.9M across 3 funding rounds. Most recently, it raised $5.0M Other Equity in July 2025.
D2X Group has raised $20.9M in total across 3 funding rounds.
D2X Group's investors include Canton Ventures, Circle Ventures, Charlie Sandor, Fortino Capital, GSR, Point72 Ventures, Tioga Capital, Acrobator Ventures, Active Capital, Alt Capital, ATX Venture Partners, Bessemer Venture Partners.
D2X Group is a technology company operating a regulated crypto derivatives exchange that enables institutional trading of futures and options on digital assets, 7 days a week, from Amsterdam, Netherlands.[1][2][3] It serves financial institutions and market participants by bridging traditional finance and crypto markets, solving key pain points like regulatory hurdles, counterparty risk, and limited weekend trading access through MiFID II regulation under Dutch supervision.[2][3][4] The platform offers collateral-efficient custody, portfolio margining via CVaR methodology, and high-performance infrastructure with sub-100μs latency, driving institutional adoption amid rising digital asset demand.[1][3]
Growth momentum stems from its 2020 founding amid firsthand founder experiences with market inefficiencies, positioning it as a pioneer in regulated, Tier 1 jurisdiction trading infrastructure for crypto derivatives.[2][4]
D2X Group was founded in late 2020 in Amsterdam by derivatives traders and a capital markets lawyer who encountered institutional trading dilemmas firsthand: choosing between unregulated 7-day trading with counterparty risk or regulated exchanges with weekend limitations and higher collateral needs.[1][2][4] Key co-founders include Theodore Rozencwajg (Chief Commercial Officer), Don van der Krogt (Chief Technology Officer), and Laetitia Grimaud (Head of Growth), supported by leaders like CEO Frederic Colette, Chief Risk Officer Ernest van der Hout, and Chief Legal & Compliance Officer Melanie Jorna, blending financial regulation, risk management, and tech expertise.[2]
The idea emerged from these founders' direct market frustrations, leading to a regulatory-first solution. Early traction focused on building MiFID-regulated infrastructure to standardize trading and mitigate operational risks, evolving from a response to crypto's institutional gaps into a full exchange platform.[3][4]
D2X rides the trend of surging institutional demand for digital assets, where adoption lags due to regulatory uncertainty, operational risks, and inadequate infrastructure—issues amplified by crypto's 24/7 nature clashing with traditional markets.[2][4] Timing is ideal post-2020, as clearer EU regulations like MiFID II enable compliant gateways, favoring regulated players amid global pushes for crypto legitimacy (e.g., ETF approvals elsewhere).[3]
Market forces like blockchain maturation and TradFi integration work in its favor, positioning D2X to accelerate the asset class by standardizing derivatives trading and drawing institutions wary of unregulated venues.[1][2] It influences the ecosystem by pioneering pan-European regulated crypto infrastructure, potentially setting standards for risk management and custody that others emulate, fostering broader DeFi-TradFi convergence.[4]
D2X is primed to expand as the go-to regulated hub for institutional crypto derivatives, with next steps likely including product scaling (e.g., more asset pairs, advanced analytics) and partnerships via its strong TradFi network.[2][3] Trends like tokenized assets, AI-driven risk tools, and EU regulatory harmonization will shape its path, amplifying growth in a market projected to mature with institutional inflows.[1][4]
Its influence could evolve into leading next-gen financial markets, as per its vision, by mitigating adoption barriers and enabling efficient, secure trading—ultimately transforming bilateral crypto deals into multilateral standards and solidifying its gateway role.[2]