D2X just announced its €5 million Seed funding round, led by Tioga Capital Partners, to build
the first institutional-grade and regulated options and futures exchange for digital assets in
Europe. The investor syndicate includes Flow Traders, one of the leading liquidity providers
across most asset classes, Fortino Capital, Picus Capital, Kima Ventures, Philippe Jabre’s family
office, Darley Technologies and angel investors.
Institutional demand for digital assets has been accelerating in Europe. By listing cash-settled
derivatives denominated in Euro, D2X addresses the operational risks and the challenging
regulatory framework limiting the institutional adoption of the asset class. D2X is designed as a
plug-and-play solution for institutional investors with a robust risk management model and a
reliable trading interface.
“Crypto regulation is currently very fragmented in Europe. At D2X, we adopt a regulatory-first
approach and align with the existing EU regulatory framework. In the near future, we will
leverage upcoming Crypto regulation to further extend our offering.” (Laetitia Grimaud,
The Amsterdam-based company was founded in late 2020 by Theodore Rozencwajg (CEO,
former derivatives trader), Don van der Krogt (CTO, former derivatives trader) and Laetitia
Grimaud (GC, former capital markets lawyer). The board of the company counts industry
veterans Frederic Colette (COO, formerly Head of Prime Brokerage at Societe Generale) and
Ernest van der Hout (CRO, formerly Head of Risk at LCH.Clearnet).
“Securing our funding round from top-tier investors and future market participants sets up D2X
for a successful launch. We will use the funds raised to reinforce our core team with exceptional
talents and accelerate the development of the exchange.” (Theodore Rozencwajg, CEO)
The team has the ambition to build the leading market infrastructure in Europe before
expanding to new geographies and asset classes. D2X will finally bridge the gap between Tech
and Finance to facilitate digital asset adoption.