Hashgraph, Blockchain’s development firm that focuses on the Hedera (HBAR) network, is building a private block chain for companies in highly regulated industries with plans to debut in the third quarter of 2025.
HashSphere, built with Hedera technology, aims to unite private and public distribution books, ensuring compliance with regulations while maintaining interoperability, the company said Monday. Hashgraph is looking to provide services to assets, banks and payment suppliers that seek safe and low -cost cross -border transactions with stablcoins.
Although public blockchains offer security and transparency, companies in industries such as finance and payments often face compliance challenges, particularly with the requirements of their client (KYC) and anti-launch of money (AML). HASHSPHER addresses this restricting access to verified participants, which allows companies to develop tokenized assets, services with AI and other products based on blockchain while complying with regulatory standards.
“From the beginning, Hedera’s vision has been to create ‘shared worlds’: interested networks in which companies can take advantage of DLT’s power [distributed ledger technology] Without compromising privacy or control, “said Andrew Stakiwicz, head of solutions at Hashgraph, at launch.
The network also integrates the existing hedera tools, including the Token service to administer digital assets and consensus service to register transactions with trusted time marks. The platform is compatible with the Ethereum virtual machine (EVM), which allows developers to implement decentralized applications using solidity and other EVM languages.
Hashgraph said that he is currently working with the first partners, including the payments of Australia Plus, the Operator of the National Payment Scheme of Australia, while adding to other users.
“We are interested in HASHSPHER mainly for its greater privacy and regulatory compliance, while we need the interoperability of the network for the transparent and transparent exchange of established between public hedera and hashsphere private and other protocols of Layer-1,” said Rob Allen, head of future payments (web3) Strategy in more Australian payments.
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