Building open technology to connect the financial world.
As one of four businesses at Block (fka Square), TBD is focused on building open and decentralized technologies to create a truly open financial world. Guided by this vision, TBD is creating an open source developer platform and infrastructure that enables everyone to access and participate in the global economy.
As featured in
Mission
Globally, 1.7 billion adults lack access to the banking system, yet two-thirds of them own a mobile phone that could help them access financial services. The internet and wireless technology has given us the information infrastructure we need to serve everybody, but money and payments have not kept pace.
Our mission is to catalyze a community of developers, enterprises and entrepreneurs to build an open financial system, based on open source protocols and common standards, that can facilitate the movement of value anywhere around the world in an efficient, inclusive and trusted way.
![Yellow Key](https://cdn.sanity.io/images/vf2e2jno/production/81752f8a9d064aee93771f3523faa3c5369babe3-1500x1500.png)
Building in the open
TBD is focused on building open protocols, open standards and open development communities to create an ecosystem of tools that all participants in the economy can benefit from: individuals, businesses, institutions and yes, even governments.
The power of open source is that TBD collaborates with developers from all over the world, and with other businesses and institutions who share our vision for a more open financial system.
Featured open
source projects
TBD invites the world to join us in building and adopting open and decentralized technologies that solve real problems for real people.
![Blue icon of phone with fingerprint](https://cdn.sanity.io/images/vf2e2jno/production/6274de0ff03e24509078adb5bbe89be3d53c8fe8-1503x845.png)
Web5
A new identity and trust layer for the internet
The most important information we need to own is information about ourselves. Today, our identities and log-ins are controlled by increasingly centralized entities.
Before we can build a new system in which people are in control of their digital and financial lives, we need to start with fixing identity.
The great power of the internet has been the democratization of information. With decentralized identity, TBD is reinventing the account model of the internet – to empower people to own their identities, unlock access to financial services, and regain privacy and control over how their personal data is used.
![Purple Globe](https://cdn.sanity.io/images/vf2e2jno/production/1f43339115443a909aa11749d9ff634eaf4e50cd-1238x696.png)
tbDEX
Reimagining global payments and commerce
tbDEX is an open protocol that can facilitate the transfer of value anywhere around the world — whether to relatives in other countries, employees in other jurisdictions, or suppliers around the world.
tbDEX creates a bridge, based on open standards, that connects the world of legacy currencies to digital currencies, without the need for centralized intermediaries or governance tokens. True to open source practices, tbDEX is a protocol that is available to everyone, but owned by no one.
A truly open ecosystem
Any organization can share the vision of a decentralized and open global payments system. Participants that will bring this network to life include Participating Financial Institutions (PFIs), Wallets and Applications, Issuers of Verifiable Credentials (VCs).
Participating Financial Institutions (PFIs):
Entities that wish to use tbDEX to offer liquidity such as fintech companies, regional or large institutional banks, and other financial institutions.
![Coin House](https://cdn.sanity.io/images/vf2e2jno/production/c9f6cb5a8a752c36dda841d105765f8a36b4bb49-1503x846.png)
Wallets and Applications:
Entities that facilitate the discovery of and interaction with PFIs. Self-custody wallets and non-financial apps may also seek liquidity on the tbDEX network.
![Yellow Phone](https://cdn.sanity.io/images/vf2e2jno/production/a2dfb873c1c0be06ddb8e56bcc8cc68edbf26248-1503x846.png)
Issuers of Verifiable Credentials (VCs):
Entities that provide digital identity verification (IDV) solutions and issue digital credentials.
![Byakugan](https://cdn.sanity.io/images/vf2e2jno/production/a37ca2a600daec424345b8f9ecdff366be657440-1503x846.png)