The Decentralized Finance Protocol

The first layer 1 protocol specifically built to serve DeFi

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Radix – Powering Decentralized Finance

DeFi is the future of finance

The current financial system creates friction that costs the world $71Bn[1] per annum and delivers products that are often rigid and inflexible.

Decentralised Finance (DeFi) offers an alternative, adaptable framework where traditional and innovative new financial applications can be quickly developed and easily accessed by all.

[1] – Approximately 0.05% of GDP

Radix is the future of DeFi

Decentralized finance applications are currently being built on protocols that were not designed to meet the needs and requirements of DeFi services.

Radix is using our significant technology innovations to be the first layer 1 protocol specifically built to serve the rapidly growing DeFi industry.

Radix Focuses On The Three Drivers of DeFi Growth


Despite the rapid growth of crypto, it is surprisingly difficult and expensive to get money into and out of the current DeFi ecosystem.

Our user-centric, vertically integrated approach is focused on making on/off ramping as simple, secure and friction-free as possible.


Liquidity is the lifeblood of the global economy, yet right now most of the world’s tokens and assets have their limited liquidity fragmented across platforms and do not work well together.

The Radix platform provides native functionality for projects, developers, communities and market makers to create and access liquidity pools at the call of an API.


Network effects of a public ledger are based on both the number of users and the number of connections between assets/applications on the platform.

By standardizing and simplifying the way financial assets/products are represented on Radix, these asset “code blocks” can be easily composed together at scale.

The DeFi Cycle


The assets and products on Radix attract users. Lowering the barriers to entry allows more users to enter the ecosystem.


More users in the ecosystem increases transaction volumes, driving up liquidity and down costs.


Increases in volume and liquidity drives the creation of more assets and products for the user.

As seen in

The Radix Roadmap

Cerberus represents a new generation of consensus protocols, designed and built around a highly sharded data structure enabling unprecedented levels of scale for a distributed ledger. We are excited to be testing Cerberus as part of our work at ExpoLab and see how it performs in real-world environments.

Mohammad Sadoghi
Assistant Professor, Department of Computer Science UC Davis,
Head of ExpoLab

Practice makes perfect

Radix’s journey started back in 2013 when our founder, Dan, saw both the promise and challenges of Bitcoin. For Bitcoin or any cryptocurrency, to become a new global cash system Dan knew it needed to be able to scale to meet global demand.

Over the last 8 years, we have been researching, testing and iterating on new technologies to solve this approach. Read more about the Radix journey and how we got to the answer, Cerberus, here.

Dan Hughes


Dan founded Radix after developing and selling IP now found in key mobile NFC payment technology. He also designed and co-built T-Mobile’s 1st mobile internet platform.

Piers Ridyard


A Y Combinator Alumni, Piers joined Radix after exiting his previous company which built DLT based deal rooms for clearing syndicated insurance contracts.

Adam Simmons

Head of Strategy

A digital marketing expert, Adam previously built a video sharing platform to over 35 million Monthly Active Users and the VRA token community to over 250k people.

See the whole team

Russell Harvey

Acting CTO

A veteran of Microsoft and Kaiser Permanente, Russ brings extensive experience with releasing complex products on schedule. Beset by an abiding need to make useful things, Russ distributed his first program at age 7 and hasn’t stopped shipping things since.

Alex Cyon


Alex is a software developer with a passion for Swift, chess and cryptography. Involved with development of Radix Swift library, iOS wallet and Ledger hardware app.

Alex Wormbs


An ex-ConsenSys engineer, Alex is a coder & nerd at heart. When not programming, you may find him salsa dancing or playing old-school RPG's.

Jacob McAtamney

Social Media Manager

Originally from Sydney, Jacob has spent the last 6 years helping UK businesses build their brand using Social Media. While his career started talking about the Land Rover Defender, Jacob has had a love for all things Crypto since 2016.

Josh Primero


Josh proudly claims to writing a chess bot in college which beat the bot of Professor Danny Sleator. He now researches & develops code/theory around consensus at Radix

Leroy Margolis

Head of Finance

With a background in banking with technology & telecoms clients, Leroy is leveraging his experience to set the financial strategic objectives for Radix’s next phase of growth

Lukasz Gasior


Lukasz has formerly worked with IOHK and been on research teams within the Ethereum eco-system. He now works on Cerberus, our consensus mechanism.

Martin Sandiford

Scrum Master/Developer

Coding has been a part of Martin’s life since back before LANs were even a thing. At Radix, he ensures the team lives agile principles & follows the processes

Matthew Hine


Matthew has 15 years of systems engineering experience. He is now helping guide Radix’s strategic approaches to core technology & governance

Mikael Perttula

Head of Community

Mikael was part of the original 2013 Bitcoin Meetup group in Finland, and has been passionate about crypto since. As Head of Community, he builds, grows, and helps manage the communities of Radix.

Raul Velaz Mayo


Raul Velaz started his career as a software developer and then moved to the infrastructure and DevOps areas. During this time, he has worked in different industries, including education, e-commerce and blockchain. Before Radix, Raul was the Lead DevOps for ConsenSys Solutions. He has also been involved in blockchain projects for trade finance and commodity trading.

Ray Offiah

Technical Writer

Ray has worked in the IT industry since Java was first released way back in 1996, dividing his career between software development and technical writing. Ray comes with a wealth of knowledge from his experience with companies such as Oracle, Hitachi and Honda.

Scott Barron

Content Manager

An accomplished content creator, Scott leverages his experience of the military, education, blockchain and gaming sectors to develop rich resources for the Radix audience.

Sergiy Yevtushenko


Sergiy is curious about everything related to computers at any level, from processes inside single transistor to global scale distributed systems.

Shambu Pujar


Shambu is a seasoned DevOps and IT practitioner. He is now putting his passion for programming & Infrastructure with code practices to use at Radix

Stacey Williams

Chief of Staff

Hailing from NZ, Stacey has a strong background of Operations in tech startups. As Chief of Staff, she is working closely with Piers to steer the Radix ship

Theoklitos Christodolou


Theo has worked in a variety of EU companies and has developed his very own smart contracts. He has an interest in Raspberry Pi projects and Dungeons and Dragons and brings his sense of adventure and testing expertise to Radix.

White Papers

DeFi White Paper

This paper describes how the Radix platform provides an integrated technology solution to multiple problems that create significant barriers to DeFi’s potential.

Read more

Consensus White Paper

We present Cerberus, a sharded Byzantine fault-tolerant (BFT) solution to the state machine replication (SMR) problem. While classical SMR protocols ensure global ordering of commands, Cerberus introduces a partial ordering regime that enables a novel state sharding approach.

Read more

Economics White Paper

This paper outlines the characteristics and uses of a cryptographic token RADIX (XRD), which is intended to be issued and
used on the Radix Public Network (RPN). The Radix Public Network is a permissionless distributed ledger which functions
in accordance with open source code.

Read more

Investor profile


LocalGlobe is a UK-based venture capital firm that focuses on seed and impact investments. Seeding ambitious UK founders since 1999 including Citymapper, Improbable, Lovefilm, Moo, Tweetdeck, Transferwise and Zoopla.


Maven 11

Maven 11 Capital is a prominent European investment firm solely focused on investing in blockchain and distributed ledger technology (DLT). Maven 11 Capital invests in ventures & digital assets that adopt this technology. Their diverse team consists of serial entrepreneurs and traditional finance professionals with a common passion: we believe that blockchain technology will fundamentally change economic and social structures.



Xsquared Ventures was formed by its partners to serve as a catalyst for companies that are creative and disruptive. Their mission is to improve the liberty and well-being of people around the world by pushing for disintermediation through the growth and adoption of distributed ledger technologies.


Taavet Hinrikus

Taavet Hinrikus is co-founder and CEO of TransferWise. Prior to starting TransferWise, Taavet was Skype’s director of strategy until 2008, starting as its first-ever employee. One of the World Economic Forum's Tech Pioneers, Taavet is an adviser to Prime Minister of Estonia on the digital agenda. He’s also a mentor and angel investor.