Hashgraph, a blockchain development company focused on the Hedera (HBAR) network, is building a private permit blockchain for businesses in a highly regulated industry with plans to debut in the third quarter of 2025.
Built with Hedera’s technology, Hashsphere aims to bridge private and public distributed ledgers to ensure regulatory compliance while maintaining interoperability. Hashgraph aims to serve asset managers, banks and payment providers seeking safe, low-cost cross-border transactions using Stablecoins.
Public blockchains offer security and transparency, but companies in industries such as finance and payments often face compliance challenges, particularly by knowing customer (KYC) and money laundering anti-money laundering (AML) requirements. Hashsphere addresses this by restricting access to verified participants and allowing companies to develop tokenized assets, AI-powered services, and other blockchain-based products while meeting regulatory standards.
“From the beginning, Hedera’s vision was to create a ‘shared world.’ This is a network that allows companies to leverage the power of DLT (distributed ledger technology) without compromising privacy or control.
The network also integrates existing Hedera tools, such as token services for managing digital assets and consensus services for recording transactions using trusted timestamps. The platform is compatible with Ethereum Virtual Machine (EVM) and allows developers to deploy distributed applications using Solidity and other EVM languages.
Hashgraph said he is currently working with early partners, including Australian Payments Plus, a national payment scheme operator in Australia, and has added other users.
“We are primarily interested in hash fairs on enhancing privacy and regulatory compliance, but we also need the network interoperability of the seamless, transparent interchanges between public Hedera and private hashfre and other layer-1 protocols.”
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