Nxchange

Nxchange, stylized as nx’change, is a Dutch stock exchange and financial-market platform headquartered on Amsterdam’s Herengracht. It was established in 2015 by Marleen Evertsz and began trading in April 2016. The company is one of the stock exchanges operating in the Netherlands and has positioned itself around access to capital for companies with a strong following among customers, members, users, or other communities. The platform allows issuers to offer several types of securities, including shares, share certificates, bonds, and funds. A distinctive feature of its model is that it does not require a minimum issue amount for a listing. This is intended to make the market accessible to smaller and growth-oriented companies that may not fit the scale or requirements of a larger traditional exchange. Investors can trade through the platform around the clock, without using a conventional broker, and can publish financial analyses and reports for other users. These features give Nxchange a community-oriented and digitally mediated character rather than presenting it solely as a conventional order-driven exchange. Nxchange’s first listed company was Fastned, a provider of electric-vehicle charging infrastructure. Fastned raised €3 million in its first month on the platform through the issue of stock certificates, providing an early demonstration of Nxchange’s intended role in connecting companies with supporters and investors. The exchange did not attract a large number of additional companies during its first year, but it received a Golden Bull award in 2016 in the category of best investment innovation. In August 2018, the Dutch Authority for the Financial Markets granted Nxchange a licence to operate as a multilateral trading facility. This expanded the regulatory framework under which the platform operated; before that change, it had been classified solely as a regulated market. In December of the same year, Nxchange and Rabobank announced Rabo&Crowd, a financing arrangement combining bank lending with bond issuance on Nxchange. The model was subsequently used by several smaller companies seeking a mixture of institutional finance and community-based investment. Fastned later began a listing on Euronext in 2019, while its certificates continued to be tradable on Nxchange and could be converted. Also in 2019, startups selected by Startupbootcamp jointly issued share certificates on Nxchange under the name SBC Fintech Amsterdam 1921. These developments illustrate the platform’s role as a venue for alternative or complementary financing, including securities offerings by emerging companies. Nxchange’s core proposition is therefore the operation of a regulated digital marketplace for securities, particularly for issuers seeking flexible fundraising and direct engagement with investors. Its activities combine exchange infrastructure, issuance support, secondary trading, investor information, and settlement. Transactions are settled on a delivery-versus-payment basis. Nxchange handles clearing and settlement itself, while securities are held in the giro depot of Euroclear Nederland. Publicly available reference material identifies the Netherlands as its operating market and does not establish a broader international network, parent company, stock-market listing, or separately disclosed ownership structure.

Nxchange B.V. was founded in February 2015 by Marleen Evertsz as a Dutch exchange designed to broaden access to company financing and securities trading. Its concept focused on companies with a substantial following that wanted to raise money directly from an interested investor base. Rather than limiting the platform to large issuers, Nxchange offered a venue where companies could list shares, share certificates, bonds, and funds without a stated minimum issue amount. The exchange opened for trading on April 14, 2016. Fastned, an electric-vehicle charging-infrastructure company, was its first listed issuer. Fastned raised €3 million in its first month by issuing stock certificates, giving Nxchange an early example of community-linked capital formation. The exchange did not attract many additional companies during its first year, but its model received external recognition when it won a Golden Bull in 2016 for best investment innovation. Nxchange’s platform was built to combine issuance and secondary-market functions. Investors could buy and sell securities continuously through the platform without a broker, while users could upload reports and financial analyses. Transactions were settled on a delivery-versus-payment basis. Nxchange performed clearing and settlement, and the securities were held in the giro depot of Euroclear Nederland. A significant regulatory development occurred in August 2018, when the Authority for the Financial Markets granted Nxchange a licence to operate as a multilateral trading facility. Before receiving that licence, the exchange had been classified solely as a regulated market. The licence formalized an additional regulatory basis for its trading operations and represented an important step in the platform’s development as a securities marketplace. In December 2018, Nxchange and Rabobank announced Rabo&Crowd. The cooperation was designed to let companies combine a bank loan from Rabobank with bond issuance on Nxchange. This hybrid approach linked conventional bank finance with investment from the wider public or an issuer’s own community. Several smaller companies subsequently used Rabo&Crowd to issue bonds. In 2019, Fastned expanded its market presence by starting a listing on Euronext. Its certificates nevertheless remained tradable on Nxchange, and conversion was possible. This arrangement demonstrated that Nxchange could continue to provide a trading venue for securities connected with a company that also pursued a larger-exchange listing. Later in 2019, several startups chosen by Startupbootcamp jointly issued share certificates on Nxchange under the name SBC Fintech Amsterdam 1921. The available reference material presents Nxchange as one of the stock exchanges operating in the Netherlands. Its identity is based on regulated digital market infrastructure, flexible issuance formats, direct investor access, and financing structures that can connect businesses with both banks and community investors. The material does not provide reliable information about a parent company, ownership group, international expansion, later executives beyond Marleen Evertsz, or financial performance.

• 2019

  Fastned begins Euronext listing

  [1]Nxchangeen.wikipedia.org

  Fastned started a listing on Euronext while its certificates continued to be tradable on Nxchange.

• 2019

  Startupbootcamp certificate issue

  [1]Nxchangeen.wikipedia.org

  Startups selected by Startupbootcamp jointly issued share certificates on Nxchange under the SBC Fintech Amsterdam 1921 name.

• 2018

  Multilateral trading facility licence

  [1]Nxchangeen.wikipedia.org

  The Authority for the Financial Markets granted Nxchange a licence to operate as a multilateral trading facility.

• 2018

  Rabo&Crowd cooperation announced

  [1]Nxchangeen.wikipedia.org

  Nxchange and Rabobank introduced a model combining bank loans with bonds issued through Nxchange.

• 2016

  Trading operations begin

  [1]Nxchangeen.wikipedia.org

  Nxchange opened for trading on April 14, 2016, with Fastned as its first listed company.

• 2016

  Fastned raises capital through Nxchange

  [1]Nxchangeen.wikipedia.org

  Fastned raised €3 million during its first month on the platform by issuing stock certificates.

• 2016

  Golden Bull investment innovation award

  [1]Nxchangeen.wikipedia.org

  Nxchange received a Golden Bull in the best investment innovation category.

• 2015

  Nxchange B.V. is founded

  [1]Nxchangeen.wikipedia.org

  Marleen Evertsz founded Nxchange B.V. in February 2015 as a Dutch exchange and capital-raising platform.

A regulated, digitally operated Dutch marketplace for flexible company financing and direct investor participation, with particular relevance to smaller businesses, growth companies, and issuers with an engaged community.

• Equity securities · 2016

  Share and share-certificate listings

  Nxchange provides a venue for companies to list ordinary shares or share certificates and to offer them to investors. The platform’s original proposition emphasized issuers with a strong following and did not impose a stated minimum issue amount. Fastned’s initial fundraising through stock certificates is the best-known example associated with the exchange.

• Debt securities · 2018

  Bond listings

  Companies can use Nxchange to issue and trade bonds. Bond offerings formed part of the Rabo&Crowd model, in which companies combined bank borrowing with public or community-linked bond financing through the exchange.

• Investment funds

  Fund listings

  Nxchange’s stated securities scope includes funds alongside shares, share certificates, and bonds. The platform supports trading and related investor information, although the available reference material does not identify particular fund products or issuers.

• Trading platform · 2016

  Digital secondary-market trading

  The Nxchange platform enables investors to buy and sell listed securities continuously without using a traditional broker. It also supports the publication of reports and financial analyses, creating an information layer around the trading activity.

• 2019

  Continue trading Fastned certificates after its Euronext listingOther

  Background

  Fastned began a listing on the larger Euronext exchange while securities connected with its earlier Nxchange fundraising remained relevant to investors.

  Action taken

  Fastned retained trading of its certificates on Nxchange, with an option to convert them.

  Aftermath

  The arrangement allowed Nxchange to remain a trading venue for Fastned-related certificates alongside the company’s Euronext presence.

  Source

• 2018

  Introduce the Rabo&Crowd hybrid financing modelStrategy

  Background

  Smaller companies could benefit from combining conventional bank borrowing with market-based bond issuance, rather than relying on only one source of capital.

  Action taken

  Nxchange and Rabobank announced a cooperation under which companies could borrow partly from Rabobank and issue bonds partly through Nxchange.

  Aftermath

  Several smaller companies subsequently issued bonds using the Rabo&Crowd arrangement.

  Source

1. 1Nxchangeen.wikipedia.org
2. 2Nxchange official websitenxchange.com