RDX Works

RDX Works is a dormant UK company, formerly a product studio best known as core contributors to the Radix network. The company was founded by Dan Hughes in 2017 as Radix DLT but changed its name on 10th November, 2021. It stopped operating after development moved in-house to the Radix Foundation in February 2025, and remains registered at Companies House.

History

RDX Works was originally founded as Radix DLT by Dan Hughes in 2017. The company changed its name to RDX Works in November 2021.

In October 2020, RDX Works raised £9.82m from its token sale of $eXRD.

Investor Saul Klein was removed as a director on the 5th June 2023.

Products

RDX Works had a mission to provide builders with the tools they need to replace traditional financial systems with a highly interconnected network of user-first DeFi apps and assets. These tools were built on top of the Radix public ledger, a record of all transactions that have ever occurred on the Radix Public Network.

Radix DLT

RDX Works described Radix DLT as the only decentralized network where developers can build quickly without the constant threat of exploits and hacks. It is designed to reward every improvement and aims to never be a bottleneck in terms of scale.

Instapass

Instapass was designed to make compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations simple for DeFi users, protocols, and applications1.

Instabridge

This tool was intended to simplify the process of moving crypto assets between different financial ecosystems.

GoodFi

GoodFi was a not-for-profit initiative that aimed to make entering the world of DeFi as easy as possible. Its members included Aave, Sushiswap, Avalanche, and others.

Controversies

2019/12/13 - Mr R Olsen vs Radix DLT Limited (2202365)

Mr Robert Olsen presented a claim of unfair dismissal against Radix DLT Limited. Following an early conciliation period, the claimant initially had legal representation. However, by 31 October 2019, the firm of solicitors that represented the claimant ceased to act for him. Subsequently, the respondent's response was sent directly to the claimant's email. Despite the respondent's numerous attempts to engage with the claimant, they faced challenges with communication, as the claimant was largely unresponsive.

On 29 November 2019, Mr Olsen sent a communication to the tribunal stating that his legal representation had abandoned him and requested an extension. There was no response from the tribunal to this request.

Ms G Leadbetter, representing the respondent, made an application during the hearing on 13 December 2019 to dismiss the claimant's case under rule 47 of the tribunal rules, which states that a case may be dismissed if a party fails to attend or represent themselves. The respondent posited that the claimant might be in Dubai, attending a conference, based on information from a mutual contact. Further, while the claimant did not communicate with the respondent's solicitors, he did maintain sporadic social media contact with the respondent's director.

Employment Judge E Burns confirmed no other correspondence from the claimant had been overlooked and subsequently chose to exercise discretion under rule 47. The judge concluded that there was a pattern of non-engagement by the claimant, asserting that the claimant's absence was voluntary and indicative of his lack of interest in pursuing his claim. Consequently, the claim was dismissed.

2020/08/26 - Radixx Solutions International, Inc. vs Radix DLT Limited (79240843)

2021/01/25 - Radixx Solutions International, Inc. vs Radix DLT Limited (91267279)

2021/08/11 - Radixx Solutions International, Inc. & Radix DLT Limited vs Radix IoT, LLC (90165341)

2021/08/11 - Radixx Solutions International, Inc. & Radix DLT Limited vs Radix IoT, LLC (90165249)

2021/08/11 - Radix IoT, LLC vs Radix DLT Limited (88288076)

2021/09/16 - Radixx Solutions International, Inc. vs Radix DLT Limited (90153774)

Corporate Status (Companies House)

RDX Works Ltd has ceased trading but has not been dissolved. Company 10864928 remains listed as active on the UK register, with a registered office at 7 Bell Yard, London WC2A 2JR, which it has used since 10 January 2022 after moving from Argyle House on Euston Road. Its most recent confirmation statement was filed on 12 February 2026. Its accounts are overdue – the last set was made up to 31 March 2024 and the next fell due on 31 March 2026.

The registrar opened compulsory strike-off proceedings on 26 May 2026 and discontinued them four days later, on 30 May 2026. Every surviving UK company in the Radix group has faced a strike-off notice since 2025.

Ownership

Dan Hughes and Piers Ridyard both ceased to be persons with significant control of RDX Works on 18 April 2023. Hughes had held between 50% and 75% of the shares and voting rights since incorporation, together with the right to appoint and remove directors; Ridyard was recorded as having significant influence or control from 30 November 2017.

Since that date RDX Works has been recorded as at least 75% owned by RDX Holdings Ltd (company 14648189), incorporated 8 February 2023. Ownership of the holding company passed from Adam Leslie Simmons, who held 75% or more from its incorporation, to Hughes on the same 18 April 2023 date. Hughes ceased on 28 July 2025, the day after his death, and RDX Holdings has since filed a statement that it knows of no registrable person with significant control. No ultimate owner of RDX Works is currently declared on the register.

RDX Holdings is itself in poor administrative standing: its accounts are overdue, it survived a strike-off notice of its own between 2 and 3 June 2026, and on 30 July 2026 its registered office was moved to the Companies House default address at PO Box 4385, Cardiff.

Directors

The register of officers records eight appointments across the company's life.

Hodgson and Tait, the two current directors, were appointed the day after Hughes' directorship ended. Hodgson also holds or held directorships at RDX Holdings Ltd, RDX Resources Ltd (dissolved 23 December 2025) and Metabridge Limited (dissolved 17 February 2026).

Website and Domain Status

As of 2026-07-30 the RDX Works website no longer serves: rdx.works and www.rdx.works still resolve in DNS to their Webflow host, but the TLS handshake is refused (tlsv1 alert internal error), so no page is returned over HTTPS. The same is true of radixfoundation.org. Links on this page therefore point to the March 2025 archived snapshot. The company's open-source work remains on GitHub, and Radix product communication continues at radixdlt.com.

Two products described above were reached through domains that have since been re-registered by unrelated parties: instapass.io now redirects to an online-gambling landing page, and instabridge.io to an unrelated site. Both product links here have been repointed – to an archived snapshot and to this wiki's Instabridge article respectively.