FBX/The Fabric Exchange
EN/DE
Pre-launch · Waitlist open
COT.EU€1,672/t▲ 0.84% COT.ORG€2,348/t▲ 1.42% WOL.MR€11,420/t▼ 0.61% LIN.EU€4,210/t▲ 2.08% PES.VIR€1,498/t▼ 0.22% PES.REC€1,105/t▲ 3.08% VIS.EU€2,050/t▼ 0.15% HMP.EU€3,240/t▲ 1.18% SLK.RAW€54,800/t▼ 1.04% CSH.MN€138,400/t▲ 0.47% COT.EU€1,672/t▲ 0.84% COT.ORG€2,348/t▲ 1.42% WOL.MR€11,420/t▼ 0.61% LIN.EU€4,210/t▲ 2.08% PES.VIR€1,498/t▼ 0.22% PES.REC€1,105/t▲ 3.08% VIS.EU€2,050/t▼ 0.15% HMP.EU€3,240/t▲ 1.18% SLK.RAW€54,800/t▼ 1.04% CSH.MN€138,400/t▲ 0.47%
Founding cohort · Munich · 2026

Trade fabric like any other commodity.

FBX is building the first trading venue for European textile fibres — spot and forward contracts on ten benchmarked materials, settled against verifiable Digital Product Passport data.

Brands hedge raw-material exposure. Mills find buyers without the broker stack. We're assembling the founding cohort now — and we want it designed by the people who'll actually trade on it.

See how it works
LIN.EU · European Linen €4,210 ▲ 2.08%
4,225.6014.0
4,219.2025.0
4,212.408.5
€4,211.20
4,207.6014.0
4,205.4022.5
4,200.0042.0
Order book · Live previewSpread 0.057%
— Illustrative preview · prices May 2026 —
€11.3B
Annual EU fibre value
across 10 contracts
0
Existing exchanges
for finished fibres
2027
EU Digital Product
Passport enforcement
10
Fibres benchmarked
cotton to cashmere
§ 01 — Why now

Cotton has had a futures market since 1870.

Linen never has. Wool clears through a century-old auction in Sydney. Cashmere settles bilaterally over WhatsApp. Recycled polyester clears on spreadsheets and trust.

The reason is simple: without verifiable, standardised data, you cannot have a market. Buyers and sellers can't price what they can't trust.

"The EU Digital Product Passport is the standardisation event the textile industry has waited 150 years for. We're the venue that uses it."

From 2027, every textile sold in the EU must carry verifiable composition, origin, and traceability data. FBX uses that data as the contract specification — making fabric tradeable as a true commodity for the first time.

§ 02 — How it works

A regulated venue for ten textile fibres.

Built the way every other commodity market is built — order book, transparent pricing, central clearing — with one addition no other venue has: settlement backed by verified passport data.

01 / TRADE

Order book

Real-time bid and ask. Anonymous matching. Minimum lot one tonne. The book is open, the spread is tight, the price is public.

02 / HEDGE

Spot + forward

Buy spot for immediate procurement. Lock forward prices one to twelve months out to hedge raw-material exposure.

03 / VERIFY

DPP-backed

Every physical lot carries a Digital Product Passport at settlement — composition, origin, certifications, traceable to the bale.

04 / SETTLE

Cleared centrally

Physical settlement to a bonded warehouse network, or cash settlement against the FBX benchmark. No counterparty risk.

§ 03 — The gap

No one offers this today.

The pieces exist in isolation — a cotton futures contract here, a sourcing directory there, compliance software everywhere. Nobody has put them together into a market.

Capability
FBX
ICE / EEX
B2B marketplaces
Order-book trading
Anonymous bid/ask match
● Yes
● Yes
○ RFQ only
Beyond cotton
Wool, linen, silk, cashmere, rPET, more
● 10 fibres
○ Cotton only
◐ Catalogue
DPP-backed settlement
Verified composition at delivery
● Native
○ No
○ No
Forward hedging
Lock procurement prices ahead
● Planned
◐ Cotton only
○ No
§ 04 — Who it's for

Three sides of one market.

FOR BRANDS

Hedge procurement

Lock fibre prices ahead of the season. Stop letting cotton spikes, wool shortages, or rPET swings blow your material budget.

FOR MILLS

Sell direct

Skip the broker stack. Post lots into a real order book and let the best bid find your inventory. Verified buyers, clean settlement.

FOR INVESTORS

A new asset class

European textile fibres sit largely uncorrelated with equities and most commodities. Add fabric exposure to the book.

— Join the founding cohort —

Help us build it right.

This is a 90-second questionnaire. Your answers shape which contracts we list first, who we partner with, and how the venue works.

Founding cohort perk: priority access at launch + a 12-month fee waiver for approved participants.

— First, which best describes you? —
Q1What's your annual fibre procurement budget?
Roughly. Helps us size the market.
Q2Which fibres do you procure regularly?
Tick all that apply.
Q3How does fibre price volatility affect your business?
The load-bearing question. Be honest.
Q4If you could lock fibre prices 6–12 months out, would you?
Assume transparent pricing and a regulated venue.
Q5What stops you from hedging today?
Optional. The blocker is often more useful than the use case.
Q6Your contact details.
Only used to follow up on your responses and notify you at launch.

No spam. Responses go directly to the founding team. GDPR-compliant. Privacy policy.

Q1What do you produce?
Tick all that apply.
Q2Annual production volume?
In tonnes per year.
Q3How do you typically sell?
Tick all that apply.
Q4Would you list lots on a transparent exchange?
The question that decides whether this can exist. If "no," tell us why in Q5.
Q5What would make you say no?
Optional, but we learn more from "no" than "yes."
Q6Your contact details.
We may ask for a 20-minute call in the next few weeks.

No spam. Responses go directly to the founding team. GDPR-compliant. Privacy policy.

Q1What kind of capital do you deploy?
Q2Typical first cheque size?
Q3Where's the thesis fit?
Tick all that apply.
Q4What's your biggest concern with the thesis?
Optional but very welcome.
Q5Your contact details.
We'll follow up within 5 business days.

Discussions are exploratory and confidential. Privacy policy.

Q1Which best describes you?
Q2Anything you want us to know?
Q3Your contact details.

Occasional updates only. Unsubscribe any time. Privacy policy.

— YOU'RE ON THE LIST —

Thank you.

We'll be in touch as we move toward launch. Founding-cohort respondents get priority access and a 12-month fee waiver.

— Know someone who should see this? —