Australian crypto entrepreneur Kain Warwick became famous for his company Synthetix. Still, there’s nothing fake about the glass Manhattan penthouse he has just listed through broker Ryan Serhant for $36.5 million.
The home is a distinctive structure – a glass town house atop a limestone-sheathed nine-story condo building containing 10 luxury apartments. Comprising four levels and 7,500 square feet of interior space, the West Village home is mirrored by a similar structure on an opposing building.
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Warwick founded Synthetix – a crypto-focused derivatives platform – in 2016 and bought the penthouse for $30.65 million in 2021. The crypto king is estimated to be worth U.S. $211M and made his fortune by introducing a way for people to lend their cryptocurrencies to others, who would then use them to help establish new blockchain products.
In addition to Synthetix, Warwick runs Blueshyft, which connects traditional businesses with the digital world. Blueshyft specializes in making it easier for people to buy digital assets like cryptocurrency in physical retail stores and is geared toward people new to crypto. The company is estimated to be worth more than $50 million.
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Warwick, 43, went on a post-lockdown buying spree in 2021, purchasing an $8M home in Sydney for his parents – Allana and Kim Warwick, the latter a renowned tennis legend and six-time grand slam champion. According to Australia’s Financial Review, Kain Warwick bought the home in the company name he owns with his wife Raphaella from online gambling website founder Joshua Chan, three times the $4.55 million Chan paid for the house in 2012.
Warwick also acquired a six-bedroom house with a swimming pool in North Bondi for $3.23 million in May, followed by his $10.62 million purchase of the Tamarama home of McGrath Estate Agents board member Shane Smollen.
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Crypto runs in the Warwick family. Kain’s brothers, Kieran, Aaron and Grant, are cofounders of the crypto-based computer game Illuvium. Some reports put their net worth at over $600 million each. Younger brother Grant, the project’s art director, recently resigned from the company.
