Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Hashgraph planning to launch new HashSphere blockchain for regulated industries

Hashgraph planning to launch new HashSphere blockchain for regulated industries

Crypto.NewsCrypto.News2025/03/30 16:00
By:By Micah ZimmermanEdited by Jayson Derrick

Hashgraph, the developer behind the Hedera network, has announced the launch of HashSphere, a private, permissioned blockchain tailored for enterprises in regulated industries. 

Set to go live in Q3 2025, HashSphere is designed to facilitate low-cost, compliant cross-border stablecoin transactions for banks and asset managers.

Built on Hedera’s ( HBAR ) technology, HashSphere will offer EVM compatibility, allowing institutions to develop and deploy smart contracts while ensuring adherence to regulatory requirements such as KYC and AML rules. 

The platform is currently in beta testing and is working with industry players, including Australian Payments Plus.

Compliance and privacy concerns

Many enterprises have been hesitant to adopt blockchain due to compliance concerns , privacy concerns, and security risks tied to public networks. While public blockchains like Ethereum ( ETH ) offer transparency and decentralization, they often lack the regulatory safeguards required by financial institutions.

Hashgraph is excited to unveil HashSphere!

Built to meet regulated enterprises wherever they are on their blockchain journey, HashSphere delivers the best of both worlds—a private, permissioned network powered by @hedera —combining the transaction privacy and control of private… pic.twitter.com/Qauz239MkW

— Hashgraph (@hashgraph) March 31, 2025

HashSphere aims to provide a controlled environment where only verified participants can engage in transactions, ensuring data protection, security, and regulatory compliance.

Andrew Stakiwicz, head of solutions at Hashgraph, said that HashSphere seeks to eliminate key barriers to enterprise blockchain adoption, including vendor lock-in, scalability limitations, and the security risks associated with public networks.

Unlike public chains that rely on anonymous validators, HashSphere restricts participation to verified entities, offering greater security and control.

Another key feature of HashSphere is its interoperability with Hedera’s public ledger, allowing businesses to leverage the benefits of both private and public blockchain ecosystems. 

This flexibility could allow financial institutions to stay compliant while taking advantage of the efficiency and cost savings of decentralized technology.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!