Hashgraph, a prominent blockchain development firm focusing on the Hedera network, is set to unveil a private, permissioned blockchain tailored for enterprises operating within highly regulated industries. The anticipated debut is scheduled for the third quarter of 2025.
Named HashSphere, this innovative platform harnesses Hedera’s technology to create a bridge between private and public distributed ledgers. The goal is to ensure compliance with stringent regulations while facilitating interoperability among networks, as the company outlined in a recent press release.
By targeting asset managers, banks, and payment providers, HashSphere aims to offer secure and cost-effective solutions for cross-border transactions utilizing stablecoins. These capabilities are crucial for organizations keen on tapping into the benefits of blockchain technology while adhering to compliance requirements.
Despite the security and transparency afforded by public blockchains, industries such as finance and payments often confront significant compliance hurdles, particularly regarding know your customer (KYC) and anti-money laundering (AML) regulations. HashSphere addresses these concerns by limiting network access to verified participants, allowing firms to develop tokenized assets, AI-enhanced services, and other blockchain-based offerings without sacrificing regulatory adherence.
“From the start, the vision for Hedera has been to create ‘shared worlds’— interconnected networks where enterprises can leverage the power of distributed ledger technology without compromising privacy or control,” stated Andrew Stakiwicz, the head of solutions at Hashgraph, in the company announcement.
The network will also incorporate Hedera’s existing tools, including the Token Service for managing digital assets and the Consensus Service for secure transaction recording with trusted timestamps. Furthermore, the platform is designed to be compatible with the Ethereum Virtual Machine (EVM), enabling developers to build decentralized applications using Solidity and other EVM languages.
According to Hashgraph, early collaborations include partnerships with Australian Payments Plus, Australia’s national payments scheme operator, with plans to onboard additional users.
Rob Allen, head of future payments (Web3) strategy at Australian Payments Plus, expressed interest in HashSphere, stating, “We are particularly drawn to its enhanced privacy and regulatory compliance, while also needing network interoperability for the seamless and transparent interchange of stablecoins between public Hedera and private HashSphere and other layer-1 protocols.”
As the blockchain landscape continues to evolve, Hashgraph’s initiative may provide a much-needed solution for enterprises navigating the complexities of regulatory compliance while leveraging the advantages of blockchain technology.
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