Synnax Announces Partnership With Clearpool to Provide Real-time AI Credit Intelligence for RWA Markets

Synnax, a privacy-preserving provider of real-time AI Credit Intelligence for DeFi and RWA markets, has announced a strategic partnership with Clearpool, the leading DeFi credit and RWA lending protocol.

With the explosive growth of on-chain credit over recent years, the need for a sophisticated solution to monitor counterparty credit risk has increased. Synnax fills this void with its groundbreaking AI Credit Intelligence platform.

Going Beyond Traditional Credit Rating Standards

Credit Intelligence goes beyond traditional credit rating standards. By leveraging a unique and highly-scalable decentralised AI network, Synnax provides forward-looking, predictive intelligence for the financial performance of any given company in its ecosystem, including predictive financial ratios, forecasts for probability of default, and a forward-looking credit signal — all replacing the traditional credit rating.

Synnax also introduces privacy-preserving data exchange protocols through the use of secure computation and cutting-edge encryption, as well as Zero-Knowledge proof-of-equity validations through its ZK/e product, a solution which enables the attestation of on-chain and off-chain assets & liabilities.

Partnership With Clearpool

Synnax provides a new standard in credit analysis, and this partnership with Clearpool is the first step towards delivering this standard to the wider digital asset/web3 industry.

Launched in March 2022, Clearpool has originated over US$540 million in loans with a growing user base spanning both crypto and TradFi institutions such as Wintermute, Jane Street, Fasanara Digital, CoinShares, and others. A permissionless protocol enables institutions to raise unsecured liquidity directly from DeFi markets, while a separate fully permissioned platform, Clearpool Prime, further meets the compliance needs for wholesale borrowing and lending of digital assets by institutional market participants.

“We are excited to be partnering with Synnax. DeFi has been lacking a universally accepted credit rating standard and we believe that Synnax will quickly fill this gap. Synnax will provide valuable insights to lenders on Clearpool’s various products, and open up a much larger pool of potential borrowers. The launch of Synnax is timely as we see more institutional interest in Clearpool and on-chain private credit. We are also super excited for CPOOL holders, who will benefit from this partnership, more details to come soon” — Jakob Kronbichler, CEO & Co-Founder of Clearpool

“Synnax enables broader access to credit for borrowers in digital asset credit markets whilst protecting their data privacy, and provides lenders with transparent, real-time, bias-resistant credit insights to enhance credit analysis and capital allocation efficiency. The partnership with Clearpool, the leading credit protocol, is the natural first step for the launch of our products” — Robert Alcorn, CEO & Co-Founder of Synnax

More exciting news about this partnership is coming soon! Join the Synnaxians Telegram group and follow Clearpool and Synnax on X for updates!