Decentralized credit intel startup Synnax onboards ex-Fidelity head of digital assets

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As a seasoned crypto investor with a keen interest in the intersection of technology and finance, I’m excited about Synnax’s latest hire of Luc Froehlich as their new chief commercial officer. With his extensive experience in digital assets and credit markets, Froehlich brings valuable insights to Synnax that will undoubtedly help the firm in its mission to provide a more trustless and privacy-preserving framework for institutional credit assessment.

Synnax, a new player in the credit rating industry, has brought on board the previous head of digital assets at Fidelity International to help shape their business strategy.

Synax, an advanced financial technology company specializing in credit assessment and scoring, has brought on board Luc Froehlich, a seasoned industry veteran who previously led Fidelity International’s digital asset division, to spearhead its business strategy and oversee commercial operations as the new Chief Commercial Officer.

As a seasoned crypto investor looking back on my professional journey, I spent the last seven years spearheading Fidelity International’s venture division dedicated to digital and tokenized assets. Now, I’m thrilled to announce that I’ve joined Synnax and bring my expertise to the table. Additionally, I’m proud to be part of Layer N’s advisory board, an Ethereum-based roll-up network, as we work together to drive innovation in the Ethereum ecosystem.

As a crypto investor with an interest in the financial sector, I’ve noticed that credit markets, particularly private credit, have experienced significant growth over the past few decades. However, I’m concerned about the limited progress made in improving risk assessment tools. Transparency is still lacking, and conflict of interest remains a prevalent issue. To address these challenges, I believe we can leverage advanced encryption to harness the collective power of a vast network of AI models. By doing so, we can deliver more accurate credit intelligence that helps mitigate risks and enhance overall market efficiency.

Luc Froehlich

“Robert Alcorn, CEO of Synnax, believes that Froehlich’s proficiency in credit markets will aid our team in advancing towards our objective of constructing a ‘more trustless and privacy-preserving infrastructure’ for institutional credit evaluations.”

“His [Froehlich’s] appointment is also timely as we prepare to release our first public model.”

Robert Alcorn

Established in the year 2023, Synnax was brought to life by Robert Alcorn and Alessio Quaglini. This innovative company uses advanced machine learning techniques and big data analysis to generate credit assessments for both crypto and traditional markets. Synnax employs its SYNAI token as a mode of payment for the company’s services and as a motivation and remuneration mechanism for data scientists who contribute valuable insights. As per PitchBook’s records, Synnax has secured $1 million in investments from a total of 13 investors thus far.

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2024-05-16 13:20