Transparent Submits Comments to the OCC

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

How a Digital Dollar Can Make the Financial System More Equitable

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?

Say Hello to Your New Local Bank – The Fed

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.

Transparent Secures Series A Financing

We've 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.

Hello World

We are excited to finally announce that Transparent is here. It’s been a busy year and a half! We left Vulcan, started the company, and brought together an experienced, interdisciplinary team of over 25 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.