Hashgraph, a blockchain development firm focusing on the Hedera (HBAR) network, is currently in the process of building a private, permissioned blockchain specifically tailored for enterprises operating in highly regulated industries. This new blockchain is expected to be launched in the third quarter of 2025.
Known as HashSphere, this innovative platform utilizes Hedera’s cutting-edge technology to bridge the gap between private and public distributed ledgers. By doing so, HashSphere ensures compliance with regulations while also maintaining interoperability. The primary aim of HashSphere is to cater to asset managers, banks, and payment providers seeking secure and cost-effective cross-border transactions with stablecoins.
While public blockchains offer security and transparency, enterprises in sectors like finance and payments often encounter compliance hurdles, especially concerning know your customer (KYC) and anti-money laundering (AML) requirements. HashSphere addresses these challenges by restricting access to verified participants, enabling firms to develop tokenized assets, AI-powered services, and other blockchain-based products while adhering to regulatory standards.
“From the very beginning, the vision for Hedera has been to create ‘shared worlds’—interconnected networks where enterprises can harness the power of DLT (distributed ledger technology) without compromising privacy or control,” stated Andrew Stakiwicz, head of solutions at Hashgraph.
In addition to its innovative approach, HashSphere integrates Hedera’s existing tools, such as the Token Service for managing digital assets and the Consensus Service for recording transactions with trusted timestamps. The platform is also compatible with the Ethereum Virtual Machine (EVM), enabling developers to deploy decentralized applications using Solidity and other EVM languages.
Hashgraph has already begun collaborating with early partners, including Australian Payments Plus, the national payments scheme operator in Australia, while also engaging with other potential users.
“We are particularly interested in HashSphere for its enhanced privacy and regulatory compliance features, as well as the network interoperability it offers for seamless and transparent transactions of stablecoins between public Hedera and private HashSphere, as well as other layer-1 protocols,” commented Rob Allen, head of future payments (Web3) strategy at Australian Payments Plus.
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