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

Founder – Radix DLT Ltd

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

CEO – Radix DLT Ltd
Director – Radix Tokens (Jersey) Ltd

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

Andrew Jarrett

Director – Radix Tokens (Jersey) Ltd

An experienced chartered director with an entrepreneurial approach to business. Founded a number of businesses in the areas of datacentres, big data, fintech and gambling, was instrumental in developing Jersey’s crypto currency legislation.

James Cunningham-Davis

Director – Radix Tokens (Jersey) Ltd

Legally qualified, involvement in digital enterprise – emoji, messagemates, prepaid cards, mobile games services. Founder of licensed, online gaming company, and developer of next generation gaming and blockchain platforms.

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Russell Harvey

CTO – Radix DLT Ltd

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.

Adam Simmons

Head of Strategy – Radix DLT Ltd

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.

Alex Cyon

Developer – Radix DLT Ltd

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.


Developer – Radix DLT Ltd

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.

Artem Valmus

Consumer Applications Engineer – Radix DLT Ltd

Artem is crazy about building complex commercial IT products from a concept to the end solution and support. Value creation and breakthroughs are the main focus for him in implementing any software deliverable because any piece of code has to bring a tangible value to the end customer.

Ben Fargher

Head of Partnerships – Radix DLT Ltd

At Deloitte and PwC in London, Ben advised and audited over 50 financial institutions; specialising in technology risk and the governance of financial market infrastructure. He’s been a keen member of the Radix community since 2016

Farrah Ather

Talent Acquisition Lead – Radix DLT Ltd

Farrah has had over 7 years sourcing hard-to-find developers and building teams from the ground up, formerly working with Sky, LoveHolidays and Upfield Foods. Originally from Scotland, Farrah is a classically trained opera singer and avid whiskey connoisseur.

Jacob McAtamney

Social Media Manager – Radix DLT Ltd

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

Developer – Radix DLT Ltd

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 – Radix DLT Ltd

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

Developer – Radix DLT Ltd

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

Matthew Hine

Head of Product – Radix DLT Ltd

Matthew is an insatiable bridge-builder between powerful technologies and real-world problems. He brings 15 years of systems engineering experience, from Texas Instruments to startups, to the Radix product vision of enabling a global financial revolution.

Michal Zajda

Consensus Architect – Radix DLT Ltd

Michal formerly worked with Aeternity and Senui and joins Radix with plenty of hands-on experience in distributed systems and consensus. Michal has spent almost a decade travelling or living in various tech hubs to work on exciting projects.

Mikael Perttula

Head of Community – Radix DLT Ltd

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

DevOps Lead – Radix DLT Ltd

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 – Radix DLT Ltd

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.

Sergiy Yevtushenko

Developer – Radix DLT Ltd

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

Shambu Pujar

DevOps – Radix DLT Ltd

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 – Radix DLT Ltd

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

Developer – Radix DLT Ltd

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

TransferWise is a multi-billion dollar company that fixes something that shouldn’t be broken. It exists because the banking system is not interconnected properly. Radix has the potential to radically change what is possible with money and finance.

I really like the people behind Radix, they are wonderful human beings, and very smart, so yes I keep an eye on them. I like to back people that are smart with high integrity.

I see the same revolutionary potential in the Radix team as I did with the Skype and Netscape teams at the birth of the internet. We’re excited to join them at the start of a new decentralised network revolution.

The Radix team has relentlessly pushed to deliver a high throughput layer 1 infrastructure without compromising on decentralisation and composability. We are proud to support them in opening new models and revolutionising finance.