Transparent has developed a confidential blockchain based b2b payment system

Transparent’s payments platform, Xand, is built using Substrate, a blockchain framework produced by Parity.

Transparent’s payments platform, Xand, is built on blockchain technology, the same foundation of most cryptocurrencies.

Feedback for Senator Toomey and US Senate Banking Committee on Clarifying Laws Around Cryptocurrency and Blockchain Technologies.

Announcement of new senior hires to Transparent as we ramp up for the next stage of delivering a new digital dollar platform and product to the market.

Transparent is proud to announce Xandbox, our developer toolkit.

Transparent submits the following comments to the Basel Committee consultation on the prudential treatment of cryptoassets.

Transparent recently sent a letter to Senators Wyden, Lummis and Toomey regarding the digital assets provision in the Infrastructure Bill.

On July 15, 2021, Transparent filed comments with the Federal Deposit Insurance Corporation (FDIC) in response to its Request for Information and Comment on Digital Assets. As a fintech startup, we felt it was important to share what we have learned so far while working on faster payments.

At Transparent we are building a digital dollar network that is bank-agnostic and can provide foundational support for new financial applications in traditional finance and, potentially, in the emerging DeFi ecosystem. However, the risks posed by DeFi are under-studied and under-documented. As our financial services continue to be unbundled and re-bundled on decentralized platforms, novel risks inherent to DeFi protocols are being introduced and traditional financial risks are being reintroduced, creating different transmission channels of risk. This is why it’s important for those of us working at fintech firms to understand risk in DeFi as we begin building a new kind of digital financial system that is more equitable, resilient and efficient.

Xands mission is to bring this vision to life for businesses seeking to eliminate inefficiencies in their business-to-business (B2B) payment and settlement flows.

On August 3rd, 2020, Transparent filed comments with the Office of the Comptroller of the Currency (OCC) on digital activities and banking.

Digital dollars can be designed in any number of ways, and these design choices will have profound implications for the people who use them. Congress should carefully consider why we need a digital dollar and what should be the core objectives. Is the goal of a digital dollar simply to make payments more efficient, or do we want a digital dollar that helps build a more equitable and inclusive financial system?

Several bills were recently introduced on the Hill creating a U.S. “Digital Dollar” as part of the coronavirus stimulus package. Transparent Systems executives say the aspiration for ubiquitous, cheap access to money is admirable but these bills would radically upend the banking and payments system we rely on today.

Weve kept mostly out of public view and been focused on delivering real, concrete results to our initial customers and partners. However, I’m really excited to announce today that we closed over $14 million in Series A financing. Led by Pantera Capital with participation from Square, Inc., Future\Perfect Ventures, IDEO Colab Ventures, Digital Currency Group, and CMT Digital, the funding round is in addition to the $8 million in seed financing received from Vulcan Capital in July 2018.

We are excited to finally announce that Transparent is here. We left Vulcan, started the company, and brought together an experienced, interdisciplinary team of over 20 people. We got a pilot version of our network up and running. In addition, we closed over $14M in our Series A round of funding right before the holidays.