TBD is developing open-source protocols and infrastructure, including Web5 and tbDEX, to enable decentralized identity management and facilitate global value transfer without centralized intermediaries. The startup addresses the lack of access to financial services for 1.7 billion adults by empowering individuals to control their financial data and identities.
Funding
Funding not disclosed
Founders
Product
Problem
Globally, a significant portion of adults lack access to traditional banking systems, hindering their participation in the modern financial landscape. Existing centralized financial systems often exclude individuals and businesses due to geographical limitations, high fees, and complex regulatory hurdles. This lack of access limits economic opportunity and innovation.
Solution
TBD is developing open-source protocols and infrastructure, including Web5 and tbDEX, to foster a decentralized financial ecosystem. Web5 focuses on decentralized identity management, empowering individuals to control their digital identities and data. tbDEX is designed as an open protocol to facilitate the transfer of value across borders, connecting traditional and digital currencies without relying on centralized intermediaries. By building these open and decentralized technologies, TBD aims to create a more inclusive and accessible financial system for individuals, businesses, and institutions worldwide. The company collaborates with developers globally to build an ecosystem of tools that benefit all participants in the economy.
Target Audience
TBD targets individuals excluded from traditional banking, developers building decentralized applications, financial institutions seeking to integrate with decentralized systems, and businesses looking for efficient global payment solutions.
Features
- Web5: A decentralized identity and trust layer for the internet, enabling users to own and control their digital identities.
- tbDEX: An open protocol for facilitating the transfer of value globally, connecting legacy and digital currencies.
- Open-source development: Encourages community contributions and collaboration to build a robust and transparent financial ecosystem.
- Focus on open standards: Ensures interoperability and compatibility across different financial systems and applications.
- Support for Participating Financial Institutions (PFIs): Enables fintech companies, banks, and other financial institutions to offer liquidity on the tbDEX network.
- Tools for Wallets and Applications: Facilitates the discovery of and interaction with PFIs, allowing self-custody wallets and non-financial apps to seek liquidity on the tbDEX network.
- Integration with Issuers of Verifiable Credentials (VCs): Supports digital identity verification solutions and the issuance of digital credentials.