New York, March 31, 2025
HashSphere is specifically designed for highly regulated institutions, enabling users to develop secure and compliant blockchain-based innovative financial products.
Hashgraph has unveiled its new digital product, HashSphere, a permissioned private blockchain technology built on Hedera.
HashSphere, currently in beta, provides institutions with a flexible distributed ledger technology (DLT) solution that evolves as their needs evolve. It provides the security, compliance, and interoperability necessary for companies to use DLT while meeting the demands of the current regulatory landscape.
The Hedera public network is known for its transaction speeds, exceptional security, and sustainability. However, public ledgers can pose compliance challenges for companies operating in regulated markets, particularly with regard to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. Here, HashSphere offers the best of both worlds: a permissioned private network that ensures regulatory compliance, privacy, and control by restricting access to verified participants, with future interoperability with the enterprise-grade public Hedera network.
“From the beginning, Hedera’s vision was to create ‘shared worlds’ – interconnected networks that enable businesses to leverage the power of distributed ledger technology without compromising privacy or control,” says Andrew Stackewicz, Head of Solutions at Hashgraph. “HashSphere embodies this vision. After more than a year of research and development, the company’s team of experts in finance, technology, and blockchain infrastructure designed HashSphere to remove the barriers that have historically hindered enterprise adoption.”
Current private distributed ledger technology (DLT) solutions face significant challenges, including vendor lock-in, single points of failure, and limited flexibility and scalability.
Conversely, public subchains pose security risks by relying on anonymous node validators with limited data protection. Layer-two solutions typically provide scalability by compromising the finality and security of the overall network.
HashSphere addresses these issues by combining the benefits of Hedera technology with the privacy and control of a private network. Licensed.
Key Benefits of HashSphere:
Compatibility: Future-proof compatibility between private and public Hedera networks, ensuring flexibility and scalability.
Fully Managed Service: Customer support, low operational costs, and fully managed nodes reduce IT complexity and overhead.
Security and Scalability: Build and scale digital assets, tokenization, and AI solutions in a secure, enterprise-grade environment.
Data Privacy and Governance: Achieve strict data privacy requirements and establish the governance necessary to meet industry regulations and prepare for future decentralization.
EVM-Compatible Development: Enable developers to build applications and smart contracts using Solidity and other Ethereum Virtual Machine (EVM) languages, with the ability to seamlessly deploy decentralized applications (dApps) from other private EVM networks.
The HashSphere platform is designed to meet the diverse needs of clients across various sectors, including asset managers, banks, and payment providers seeking secure and low-cost cross-border transactions using stablecoins. Fintech companies can leverage HashSphere to develop innovative financial products that incorporate asset tokenization, AI governance, and automated workflows. Additionally, financial services companies can use HashSphere to enable instant payments, asset tokenization, and post-trade settlement across a secure and private network.
Rob Allen leads the Future Payments (Web3) strategy at Australian Payments Plus, Australia’s national payments system operator and a HashSphere beta customer. He says, “We are exploring the future of cryptocurrencies in terms of their impact on our members, stakeholders, and regulators. As a member of the Hedera Board, we are primarily interested in the HashSphere platform for its enhanced privacy and regulatory compliance, while also needing network interoperability to ensure seamless and transparent exchange of stablecoins between public Hedera, private HashSphere, and other layer-one protocols.”
Powered by Hedera technology, HashSphere integrates with Hedera’s trusted services, including the Token Service for issuing and managing digital assets, the Consensus Service for recording transactions with trusted timestamps, and the Smart Contract Service for deploying EVM-compatible decentralized applications. It also supports the creation of stablecoins and asset-backed tokens, providing businesses with a complete set of tools to build and scale their blockchain solutions.
Hashgraph is currently working with partners in early beta, including Australian Payments Plus, Blade Labs, and Vayana, and is working to integrate additional users.
About Hashgraph
Hashgraph (formerly Swirlds Labs) is a fast-growing software company comprised of world-renowned leaders and innovators in the Web2 and Web3 space, founded with the goal of creating decentralized technology that enhances and connects private and public networks of value.
With a global presence in over 20 countries, Hashgraph leads Hedera’s efforts in product innovation and database technical development, strengthening its position as a platform of trust in the digital economy.
