At the service of the local economy

Sardex.net is a new way to rethink the local economy: interconnected and
collaborative, supported by the strength of the group and mutual trust.

Our goals

Sardex.net is an integrated circuit designed to facilitate economic relations between economic entities operating in a given territory, and to provide them with complementary payment and credit tools

Unite

Facilitating collaboration between all economic actors of the territory

Valorize

Encourage the creation of new relationships and enhance their economic and social impact

Promote

Anchor wealth to the territory by reactivating local production and consumption

Support

Offer support to economic operators of the territory

Our history

January 2010

The Sardex.net Circuit is born

April 2010

First transaction

May 2010

First 100 member companies

September 2010

100.000 Sardex in transaction volume

December 2010

350.000 transacted volume, 250 member companies

September 2011

1000transactions

October 2011

1 million credits transacted
Central-Bank-of-Ecuador-Visit

November 2011

Visit of the Central Bank of Ecuador
entry-dpixel

December 2011

D-Pixel on board
riccardo-luna-repubblica

January 2012

National Press, Riccardo Luna feature on Sardex.net
Innovation-Award

January 2012

European Design Institute Innovation Award

February 2012

500 member companies
Next-Repubblica-delle-idee

June 2012

Participation at Next - The Republic of ideas

October 2012

5000 operations

October 2012

5 MillionSardex credits transacted
framework-agreement-with-Region-Sardinia

January 2013

Framework agreement with the Sardinian Region
B2E-Sardex-Start

January 2013

B2E (business-to-employee) test starts

February 2013

1500 members companies

March 2013

10,000transactions
Sardex-wins-Bloom-Italy

May 2013

Sardex wins the Bloom Conference in Italy
Sardex.net-the-third-way

June 2013

Sardex.net among the protagonists of the international conference "The Third Way"
Sardex.net-among-policymakers

June 2013

Sardex.net between "policy makers " at the 2nd International Conference of complementary currencies in The Hague
Sardex.net-European-Business-Awards

July 2013

Sardex.net selected in the Innovation category for the European Business Awards
Company-of-year-Banco-di-Credito-Sardo

November 2013

"Enterprise of the year" by Banco di Credito Sardo
Sardex.net-Top-10-Italian-innovators

December 2013

Sardex.net inserted by CheFuturo! among the first 10 places in the ranking of the top 100 Italian innovators
Digipay4growth-officialy-start

January 2014

the project Digipay4growth funded by the European Commission officially starts
Sardex.net-featured-in-Genius-loci

February 2014

Genius Loci added Sardex.net to the database of Italian generativity of Don Luigi Sturzo Foundation

April 2014

2000 member businesses

May 2014

50.000 transactions
Sardex.net-Siena-Next-startup

June 2014

Sardex.net among the best Fintech startups at Siena Next
Sardex.net-EINS-Summer-School

July 2014

Sardex.net at "3rd EINS Summer School" in Volos - Greece
Sardex-case-studies-in-Europe

August 2014

The interdepartmental committee on local and complementary currencies appointed by the French Government places Sardex among the most interesting case studies in Europe.
London-School-of-Economics-studies-Sardex

September 2014

The London School of Economics publishes a series of studies on sardex.net
Mitzas Sources of Change

October 2014

First edition of the International Festival Mitzas "Sources of change "
Sardex-case-studies-in-Europe

November 2014

Sardex among the 69 startups selected by Italiarestarts Up!

November 2014

50,000,000 Sardex credits traded
Captains-Europe-Award-2014

December 2014

Captains of Europe Award 2014
Sardex.net_at_the_Chamber_of_Deputies.

March, 2015

Sardex.net at the Chamber of Deputies.
The_final_report_of_the_French_Interdepartmental_Commission_defines_Sardex.net_as_the_local_currency_system_with_the_highest_impact_on_the_territory_in_Europe_after_WIR.

may 2015

The final report of the French Interdepartmental Commission defines Sardex.net as the local currency system with the highest impact on the territory in Europe after WIR.
Sardex_at_the_Trento_Festival_of_Economics.

may 2015

Sardex at the Trento Festival of Economics.
Sardex_among_the_guests_of_the_Barcelona_FinTechStage.

June 2015

Sardex among the guests of the Barcelona FinTechStage.
LSE_published_a_series_of_papers_on_the_Sardex.net_Circuit.

July 2015

LSE published a series of papers on the Sardex.net Circuit.
Thomas_Greco_defines_the_Sardex_model_as_

August 2015

Thomas Greco defines the Sardex model as "closer to optimal than any other"
Sardex.net_among_the_leaders_of_the_Yale_Day_Date

September 2015

Sardex.net among the leaders of the Yale Day Date
The_Sardex_Factor:_Sardex.net_on_the_home_page_of_the_Financial_Times.

September 2015

The Sardex Factor: Sardex.net on the home page of the Financial Times.
Second_edition_of_Mitzas_devoted_to_connective_intelligence

October 2015

Second edition of Mitzas devoted to connective intelligence

November 2015

The circuit exceeds the 3000 member companies
Sardex.net_in_Istanbul_at_the_Workshop_of_the_United_Nations_Development_Department

December 2015

Sardex.net in Istanbul at the Workshop of the United Nations Development Department

December 2015

100 Millionof Sardex in transaction volume
Nicola_Pirina_appointed_General_Manager_of_Sardex.net

January 2016

Nicola Pirina appointed General Manager of Sardex.net
Signing_of_the_agreement_with_Confcommercio_South_Sardinia

February 2016

Signing of the agreement with Confcommercio South Sardinia
Sardex.net_protagonist_at_SellaLab

February 2016

Sardex.net protagonist at SellaLab
Sardex.net_among_the_protagonists_of_the_Innovation_Village

April 2016

Sardex.net among the protagonists of the Innovation Village
Sardex_Srl_(Ltd)_becomes_Sardex_Spa_(joint-stock_company)_and_closes_a_round_of_3_million_Euros_for_the_development_of_its_new_business_plan

April 2016

Sardex Srl (Ltd) becomes Sardex Spa (joint-stock company) and closes a round of 3 million Euros for the development of its new business plan
Convention_sealed_with_Legacoop_and_Confcooperative_Nuoro_-_Ogliastra

April 2016

Convention sealed with Legacoop and Confcooperative Nuoro - Ogliastra
Sardex-Confindustria:_patto_per_le_aziende_dell’isola

Giugno 2016

Sardex-Confindustria: patto per le aziende dell’isola
Sardex_alla_presentazione_del_rapporto_di_Banca_d’Italia_sull’economia_sarda

Giugno 2016

Sardex alla presentazione del rapporto di Banca d’Italia sull’economia sarda
Confcommercio_Sud_Sardegna_scommette_su_Sardex.net

Luglio 2016

Confcommercio Sud Sardegna scommette su Sardex.net
La_squadra_di_Sardex_si_rinforza

Agosto 2016

La squadra di Sardex si rinforza
Sardex:_nuovi_Circuiti_in_Italia_e_nel_2018_sbarco_all’estero

Agosto 2016

Sardex: nuovi Circuiti in Italia e nel 2018 sbarco all’estero
Unter_Uns_(Tra_di_noi),_Sardex_sulla_Süddeutsche_Zeitung

Agosto 2016

Unter Uns (Tra di noi), Sardex sulla Süddeutsche Zeitung

Partners e collaborazioni

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Digipay4growth

Sardex.net has been engaged for years in studying and experimenting possible forms of participation of the public administration in a Commercial Credit Circuit. The outcome of this long endeavour has been funnelled into the Digipay4growth project, funded by the European Commission under the Horizon 2020 program (Future Internet Research & Experimentation - FIRE+). Six Countries are involved and three field testing projects are scheduled in the initiative: one in Spain, one in England and one in Italy. Italy’s group leader is Sardex.net itself, which is carrying out the project in collaboration with the local government of Regione Autonoma della Sardegna (Autonomous Region of Sardinia).
The project uses an innovative payment tracking technology, is the first of its kind in Europe and requires the involvement of citizens, public authorities and businesses with the aim of increasing local demand, stimulate local circulation of purchasing power and increase the multiplier effect of public spending in the territory.

About us

Thomas_H._Greco

I've known about Sardex almost since its beginning five years ago and have corresponded over the past few years with Giuseppe Littera, one of its founders, but this was the first opportunity I've had to get an inside look at Their operation. I came away with a pretty good understanding of how they operate and the impression that the Sardex structures, procedures, and protocols as closer to optimal than any other trade exchange I've seen. It appears to be a developing model that is both scalable and replicable.

Thomas H. Greco

Anna_Cossetta

The Sardex.net circuit is undoubtedly a generative example of social innovation which, thanks to the concreteness of the relationship, becomes an instrument of knowledge and social solidarity.

Anna Cossetta

Patrizia_Cappelletti

To date, Sardex has proven to be a tool capable of reactivating trust, to stimulate exchanges, to create relationships.

Patrizia Cappelletti

Luca_De_Biase

Complementary currencies as the Sardex are not to be accumulated. They are essentially information. And they serve to promote credit in conditions where communities know well the market mechanism in which they operate.

Luca De Biase

Ivana_Pais

At last we have the first surveys on the sharing economy and the most interesting results concern the territorial distribution: the collaboration economy prevails in the South and in the Islands. It is not surprisingl, then, that one of the most successful initiatives was born in Sardinia: it is called Sardex, a Commercial Credit Circuit started in 2009.

Ivana Pais

Credit systems like Sardex.net are not stores of value, there is no reason to hoard them and spending them is best; in this way the local economy is facilitated. In the Sardex.net circuit there is also another element: it strengthens the sense of community and creates a feeling of identification that in the neo-liberal economy does not exist.

Paolo Dini

The crisis broke out because too many loans had been granted without taking into account the actual ability of debtors to repay them. Credit does not mean that I have to get necessarily money. A clearing system like Sardex.net means I can pay my debts with my Sardex credits and the money spent reflects the exchange of goods and services.
Sardex is an instrument of measuring and payment and is closely linked to the real economy.

Luca Fantacci

Sardex acts as a mediator but also an accumulator of trust which stimulates the economy. In addition, it has a social value that allows a differentiation in the use of the money. Trust is put both in the other members of the circuit (it's like belonging to a family) and in the company and all those who are part of it.

Laura Sartori

In Sardex there is an ethical element that is also social, popular and generative. Those who join the circuit maintain and even reinforce their identity, which does not dissolve, on the contrary it multiplies in a reciprocity linked to the whole circuit

Leopoldo Sandonà

Making a local currency circuit means learning to know one's own region, seeing how the circuit can be adapted to the land, understanding what its potential is, what possibilities of exchange and economic relations can be implemented. A local currency comes into being when people and businesses talk to each other: trust is created in this kind of reciprocity. In the sardex.net circuit the local currency is also used to pay part of the wages.

Massimo Amato

Sardex has proven its ability to go beyond the clichés. Because it is based on two principles of life: the first is that if your neighbour earns, you're better off too; and the second says that no one goes away with the loot and no one remains alone. It seems the new gospel. But an apocryphal one.

Riccardo Luna

Prizes and Awards

Here are the top prizes and awards received by the circuit sardex.net over these years:

  • Innovation Award led 2012

    The prestigious Innovation Award is bestowed on Sardex.net in 2012 by Istituto Europeo di design (European Institute of Design)

  • National Champion EBA 2013

    Sardex.net is awarded the title of Italian National Champion for getting nominated for the European Business Awards in London in the innovation category.

  • Bloom Italy 2013

    Sardex.net triumphs in Bloom Italy in front of a jury of major national and international investors.

  • Banca di Credito Sardo 2013

    The Banca di Credito Sardo (Sardinian Credit Bank) awards a prize to sardex.net for having distinguished itself as one of the most promising entrepreneurial realities in the island.

  • Captains of the Year Europe 2014

    Sardex.net receives in the Hall of Flags Information Office of the European Parliament in Italy the Captains Of Europe Award.

  • Prize Startup Italy

    In December 2014 Sardex ranks third in the list of top 100 Italian startups compiled by Riccardo Luna and What future for Startup Italy, proving itself again one of the most promising reality of the fintech Italian scene.