Founded in late 2018 by Paul Allen and Jeff Kramer and operational until mid-2023, Transparent sought to create more efficient and accurate payments through advances in blockchain technology. Its innovative solution, Xand, enabled business users to tokenize deposits held in any state or federal bank for real-time payments and settlement while staying within current regulations. The solution included novel cryptographic proofs for establishing confidentiality. Based in Seattle, the company raised $25M from Cercano (formerly Vulcan Capital), Pantera Capital, Block (formerly Square), and several other investors. Transparent assembled an expert team in cryptography, financial systems, software engineering, and regulation. Xand is available under open source licenses here: https://gitlab.com/TransparentIncDevelopment.
| Website | https://gitlab.com/TransparentIncDevelopment |
| Revenue | $665.2 million |
| Employees | 2 (1 on RocketReach) |
| Founded | 2018 |
| Address | 701 5th Ave, Seattle, Washington 98104, US |
| Industry | Technology, Information and Internet, Software, Blockchain, Cryptography, Payments, Compliance, Engineering, Distributed Networks, Security, Privacy, Experience Design |
| Keywords | Blockchain Payments, Payment Processing, Financial Technology, Blockchain Technology, Payment Solutions, Financial Services, Digital Payments, Payment Systems, Fintech Solutions, Secure Payments, Efficient Payments, Transaction Processing, Payment Innovation, Cryptocurrency Payments, Decentralized Finance, Business Payments, Payment Infrastructure, Digital Finance, Financial Innovation |
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The Transparent Financial Systems annual revenue was $665.2 million in 2026.
1 people are employed at Transparent Financial Systems.
Transparent Financial Systems is based in Seattle, Washington.
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