What Nxchange does

Nxchange B.V. is the first fully regulated European Securities Exchange for tokenized securities and digitized assets, operating under licenses issued by the Dutch Ministry of Finance and the Authority Financial Markets (AFM). Founded in 2015 and headquartered in Amsterdam (Brouwersgracht 77, 1015 GC), the company runs a two-sided investment platform that connects individual and professional investors with startups and scaleups, currently serving 28,000+ registered investors, 450 listed startups and scaleups, and approximately €200M in assets under custody. Its flagship investor product is SBC Bold 2 — a publicly-listed accelerator program issuing across 10 thematic verticals (AI & Web3, Agri & FoodTech, PropTech, Water, Sustainable Finance, Energy & Climate, Production & Industry, Sports & EdTech, Health & Lifescience, Deeptech & Robotics), each targeting €2.1M with a €100 minimum investor ticket and a stated >5x target net return.

The core platform combines a regulated secondary market for trading startup shares and bonds (operated 24/7 via account.nxchange.com) with primary capital raise infrastructure for equity, bonds, and convertibles. In May 2021, Nxchange acquired Bondex — a blockchain-based platform for digitizing shareholder registers and securities issuance — which now operates from Nxchange's Amsterdam headquarters to provide blockchain-based tokenization and white-label investor portals to corporate issuers. The strategic Startupbootcamp partnership supplies curated accelerator deal flow across multiple programs (SBC Bold Action, SBC Bold 2, SBC Sustainability, SBC Fintech).

Nxchange earns revenue through a transparent fee schedule: 0.5% transaction costs on securities trades, €10 monthly participation costs for platform access, 0.25% delivery costs (min €55, max €550) for moving securities to Euroclear-connected banks or brokers, and capital raise facilitation fees on issuer-side public offerings. Cash trading account infrastructure is provided by ABN AMRO Clearing Bank (AACB), and platform infrastructure is hosted by Triple IT at ISO-certified facilities. Despite the depth of regulated activity, the company operates with a lean team of 1–10 employees, with leadership comprising CEO/Co-Founder Marleen Evertsz, CTO/Co-Founder Alex Butter, Head of Operations Joris de Vor, and Compliance Officer Sanne Dupain.

Name

Nxchange

Legal name

Nxchange B.V.

Website

https://nxchange.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Nxchange B.V. is a Dutch-regulated European securities exchange enabling retail and professional investors to access startup and scaleup equity via curated thematic portfolios (SBC Bold 2) and a 24/7 secondary trading market, with blockchain-based tokenization capabilities through its acquired Bondex platform.

Ownership category

akta.pro rank

Product category

Securities Exchange and Venture-Capital Investment Platform

NAICS

Securities and Commodity Exchanges (52321), Securities and Commodity Exchanges (5232), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)

akta.pro secondary industries

Centralized Crypto Exchanges (CEX) (FSAPADAA), Brokerages & On/Off-Ramps (fiat rails, instant buy/sell) (FSAPADAG)

Keywords

• Securities exchange platform
• Tokenized securities trading
• Venture capital investing
• Startup capital raising
• Secondary market trading

Headquarters

HQ city

New Holland

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Transaction Fees: Charges applied when trading securities (shares or bonds) on the platform, calculated as percentage of transaction value
2. Participation Fees: Costs charged for participation on the Nxchange platform for managing investment portfolios
3. Delivery Costs: Fees for delivering financial instruments to banks or brokers connected to Euroclear, with minimum and maximum thresholds
4. Capital Raise Facilitation: Platform enables companies to raise capital through equity, bonds, and convertibles via public offerings

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Nxchange operates a fully regulated European securities exchange where individual investors can access diversified portfolios of startups and scaleups, trade securities on a secondary market, and participate in publicly listed venture-capital programs (notably SBC Bold 2 with ten thematic verticals). Companies use the platform to raise capital through equity, bonds, and convertibles, while the acquired Bondex platform provides blockchain-based digitization and tokenization of shareholder registers and securities issuance.

Product overview

Nxchange is a regulated European securities exchange for tokenized assets that operates a platform for investing in innovative startups and scaleups. The platform offers two main investment approaches: (1) expert-curated portfolios through the SBC Bold 2 program, a publicly-listed startup accelerator featuring 10 vertical themes (AI & Web3, Agri & FoodTech, PropTech & Housing, Water & Infrastructure, Sustainable Finance, Energy & Climate, Production & Industry, Sports & EdTech, Health & Lifescience, Deeptech & Robotics), each targeting €2.1 million with a €100 minimum investment; and (2) secondary market trading for shares and bonds. In 2021, Nxchange acquired Bondex, a blockchain-based platform for digitizing shareholder registers and securities issuance, which operates independently from the Amsterdam headquarters to strengthen alternative investments and blockchain finance offerings.

Differentiator

Problem solved

Functional benefit

Brands

• SBC Bold 2: A publicly-listed startup accelerator program creating opportunities to invest in 300 sustainability startups and scale-ups across 10 growth domains including AI & Web3, Agri & FoodTech, PropTech, Water, Sustainable Finance, Energy, Production, Sports, Health, and Deeptech.
• Startupbootcamp Bold 2

Products and services

• Nxchange Platform Regulated European securities exchange where individual investors can access diversified portfolios of startups and scaleups, trade shares and bonds on a 24/7 secondary market, and participate in publicly listed venture-capital programs. Companies use the platform to raise capital via equity, bonds, and convertibles.
• Bondex Blockchain-based platform facilitating the digitization and tokenization of shareholder registers and securities issuance. Acquired by Nxchange and operated as a wholly-owned subsidiary enabling blockchain-based securities tokenization and white-label investor portals.
• SBC Bold 2 Publicly-listed startup accelerator program enabling investors to participate in a public issuance funding 300 high-potential startups across ten themed verticals, each with a €2.1M target, a €100 minimum investment, and a target net return of more than 5x.

Quantifiable outcome

• 28,000+ investors on platform
• +4 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core.

• BondexcoreTechnology or Integration · 4 May 2021Nxchange acquired Bondex on May 4, 2021. Bondex is a blockchain-based platform for digitizing shareholder registers and securities issuance. Bondex continues to operate independently at Nxchange headquarters in Amsterdam, strengthening Nxchange's offerings in alternative investments and blockchain finance.
• StartupbootcampcoreStrategic or Co-development PartnerStrategic partnership with Europe's #1 startup accelerator. Nxchange hosts multiple Startupbootcamp programs including SBC Bold 2 (€21M fundraise for 300 startups), SBC Bold Action, SBC Sustainability, and SBC Fintech. Startupbootcamp provides curated deal flow and proprietary AI technology for startup scouting.
• Triple ITcoreOthersExternal ISO-certified data center hosting Nxchange's infrastructure with strict privacy, security, and continuity agreements.
• Dutch Ministry of FinancecoreOthersRegulatory licensing authority for Nxchange's securities exchange operations in the Netherlands.
• Authority Financial Markets (AFM)coreOthersFinancial markets regulator overseeing Nxchange's compliance with Dutch financial regulations.

Scale indicators6 records

Recent moves4 records

Expansion highlights5 records

Emerging players

• Securitize: Tokenization platform for issuing and managing digital securities. Comparable blockchain-based approach to securities issuance and shareholder management similar to Bondex/Nxchange integration.
• 21X: EU-regulated digital securities exchange based in Frankfurt. Direct competitor specifically targeting tokenized securities trading under European regulatory frameworks.

Broad incumbents

• Euronext: Largest European stock exchange operator. While broader in scope, Nxchange's regulated exchange positioning makes Euronext a strategic incumbent with capability to enter tokenized securities markets.
• Deutsche Börse: Major European exchange operator with broader financial market infrastructure. Represents a potential acquirer or competitive threat as it expands into digital asset trading.

Direct peers

• Crowdcube: UK-based equity crowdfunding platform for startups and scaleups. Similar target customers (retail investors seeking startup exposure) and comparable business model for primary capital raises.
• Bitfinex Securities: Securities platform operated by Bitfinex for tokenized assets and equities. Directly comparable as a regulated venue for trading digitized/blockchain-based securities.
• Republic (formerly Seedrs): Leading European/US private securities investment platform with secondary market. Direct competitor in democratizing private company investment with €100+ minimums.
• Archax: UK-regulated digital securities exchange focused on tokenization of traditional assets. Direct competitor in the regulated European digital securities exchange space with similar target market and regulatory positioning.
• tZERO: US-based regulated platform for tokenized securities with secondary market trading. Comparable business model combining blockchain technology with securities exchange functionality.
• INX: Regulated digital asset exchange offering trading of blockchain-based securities and traditional assets. Similar regulatory-first approach and focus on tokenized securities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@Future_of_Finance
• LinkedInlinkedin.com/company/nxchange
• Instagraminstagram.com/nxchange
• Xx.com/nxchange
• Facebookfacebook.com/nxchange-808228649322139

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nxchange