Transparent Financial Systems

Transparent Financial Systems has presented 1 V-Sum technical briefing. Jeff Kramer, CTO of Transparent Financial Systems, demos Zand — a community-based B2B platform for real-time value transfers running 24/7/365. Zand networks are designed by and for their transactional community: forex and crypto OTC desks, networks of community and regional banks, and more. There is no central issuer, no new currency, no intermediaries — just programmable digital dollars under the community\'s control. Banks do not install new software; Zand only requires three APIs (balance check, transaction history, book transfer), and banks still choose who to bank. The live demo runs against two beta banks through both a wallet UI and Swagger docs: a creation request mints new digital dollars in two steps (request with a nonce, followed by the reserve transfer) — funds remain at the participating bank but move into the shared network reserve. A $10,000 peer-to-peer payment between wallets completes instantly on the Zand ledger with no bank API called; wallet IDs are publicly shareable without granting access. Finally, $1,000 and $100 redemptions destroy the claims and push underlying funds back to the member\'s chosen bank. Jeff positions Zand as a bank-agnostic dollar settlement rail for regional/community banks, a more equitable real-time payment system, and a BSA-compliant digital-dollar platform for fintechs and crypto businesses.

Topics: Payments, Banking-as-a-Service