HashGraph, the Blockchain development company that focuses on the Hedera (HBar) network, builds a private, permitted blockchain for companies in highly regulated industries with plans to debut in the third quarter of 2025.
HashSphere, built with Hedera’s technology, is intended to bridge private and public distributed led by ledger, which maintains compliance with the regulations while maintaining interoperability, the company said on Monday. Hashgraph is looking for services for asset managers, banks and payment providers who are looking for safe, cheap cross -border transactions with stablecoins.
Although public block chains offer security and transparency, companies in industries such as finance and payments are often confronted with compliance challenges, in particular with Know Your Customer (KYC) and anti-money laundering practices (AML). HashSphere deals with this by limiting access to verified participants, allowing companies to develop assets, AI-driven services and other blockchain-based products and at the same time meet the regulatory standards.
“From the beginning, the vision for Hedera has been to create ‘Shared Worlds’ – Interconnected Networks where companies can use the power of DLT [distributed ledger technology] Without endangering privacy or control, “said Andrew Stakiwicz, head of solutions at Hashgraph, in the release.
The network also integrates the existing tools of Hedera, including the tokenservice for managing digital assets and the consensus service for recording transactions with trusted timelets. The platform is compatible with the Ethereum Virtual Machine (EVM), allowing developers to use decentralized applications with firmness and other EVM languages.
Hashgraph said that it is currently working with early partners, including Australian Payments Plus, the operator of the National Payments Scheme of Australia, while adding other users.
“We are primarily interested in Hashphere because of the improved privacy and regulatory compliance, while we also need network interoperability for the seamless and transparent exchange of stablecoins between public Hedera and Private Hashphere and other Layer-1 protocols,” said Rob Allment, Payalian Payment.
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