DCM launched the Transparent Network (TPN), a blockchain-based instant payment system built on Stellar, to modernize Ukraine's financial infrastructure. TPN enables banks to process payments in under five seconds with 70% reduction in acquiring costs for merchants and 60% reduction in transaction costs for institutions.
DCM, a technology provider specializing in tokenized asset payments and clearing infrastructure, partnered with Ukraine's Independent Association of Banks (NABU) to develop the Transparent Network (TPN), an instant payment solution built on the Stellar blockchain. Launched in late 2024, TPN addresses Ukraine's costly, centralized payment landscape dominated by expensive card networks and limited competition. The system offers API-first architecture, enterprise-level security, ISO 20022 compliance, and 24/7 global accessibility, integrating directly with the National Bank of Ukraine's Electronic Payment System. Initial results show merchants achieving 70% reduction in acquiring costs, institutions reporting 60% reduction in transaction costs, and donor organizations saving 20% on transaction fees. TPN's voluntary, bank-driven adoption model has established a new paradigm for blockchain-based financial infrastructure that delivers transparency, cost efficiency, and improved competition in the Ukrainian market.
