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Kain Warwick is the founder of Synthetix, a synthetic assets platform, and CEO of fintech company Blueshyft, a payments gateway platform. Both Synthetix and Blueshyft involved cryptocurrencies heavily.
More specifically, Synthetix allows customers to create synthetic assets that track the value of assets in the real world. This includes both fiat currencies and commodities. For example, synthetic assets for the US Dollar, Australian Dollar and gold are respectively sUSD, sAUD and sXAU. Equity indices are also tracked.
The purpose of the Synthetix is to allow synthetic asset holders to receive the benefits of holding those assets “without actually holding it.” This benefit is especially notable for gold, an impractical asset that is difficult to transport and at risk of theft. A synthetic version of gold would eliminate the problem of custody. The platform’s native token is the Synthetix Network Token (SNX), and users can lock SNX tokens into smart contracts in order to generate synths, the term used to describe synthetic assets.
Blueshyft is a technology platform company aimed at merchants. Launched in 32015, the platform began with 600 news and convenience stores, which has since grown to over 1300 websites and retailers. The team also says that it has partnered with over 20 enterprise clients and processes hundreds of millions in transactions.