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Decentralized finance protocol Radix raised $4.1m

London based decentralized finance protocol raised $4.1m in new funding led by LocalGlobe and Taavet Hinrikus (TransferWise).

Radix is “not trying to be a general purpose platform,” says CEO Piers Ridyard. “Decentralised finance, and by extension, the financial industry, is a highly specialised sector that requires a highly specialised set of tools and incentives. Unlike the general purpose protocols that came before it, such as Ethereum, Radix is building a layer 1 protocol specifically for decentralised finance.”

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defi, protocols, london, transferwise