5 years ago

Radix Raises $4.1 Million for Decentralized Finance Protocol

  • Radix, a U.K

  • startup building a decentralised finance protocol, has raised $4.1 million in seed funding from LocalGlobe and TransferWise co-founder Taavet Hinrikus

  • Radix aims to provide frictionless access, liquidity and programmability of any asset in the world, claiming to have overcome the scalability issue that plagues decentralised finance

  • The company positions itself as different from other distributed ledgers and decentralised protocols, focusing solely on DeFi and lowering the barriers to adoption via integrations with payment rails and consumer applications.

      • ProblemFinancial Services

      "All financial systems are built on proprietary, non-compatible technology stacks, making it difficult to trade across them and increasing the need for centralised technology, protocol, and legal integrations."

      Solution

      "Radix is building a decentralised finance protocol that aims to provide 'frictionless access, liquidity and programmability of any asset in the world' by overcoming the scalability issue and allowing for seamless interoperability between different assets and services."

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