Hashgraph Develops Institutional Private Blockchain Based on Hedera, Launch Scheduled for Q3 2025

Hashgraph Announces Hedera-Based Institutional Private Blockchain Launch in Q3

HashSphere is designed to enable highly regulated organizations such as payment service providers and asset managers to transact in stablecoins and tokenized assets.

Christian Sandor, AI Boost | Edited by Sheldon Reback on March 31, 2025, 1:24 PM

Key points:

• Hashgraph is developing a private blockchain called HashSphere, aimed at businesses in highly regulated areas, which is scheduled to go live in the third quarter.
• HashSphere aims to bridge private and public distributed ledgers, providing services to asset managers, banks and payment providers for secure and cost-effective stablecoin transactions while remaining compliant with all regulations.
• The platform incorporates existing Hedera tools, is compatible with the Ethereum Virtual Machine (EVM), and is already working with early partners such as Australian Payments Plus, Australia's national payment system operator.

Hashgraph, a blockchain development company working with the Hedera (HBAR) network, is building a private permissioned blockchain for highly regulated businesses that is set to hit the market in Q3 2025.

HashSphere, built on Hedera technology, aims to integrate private and public distributed ledgers while ensuring compliance and maintaining interoperability, the company said Monday. Hashgraph aims to provide services to asset managers, banks, and payment providers looking for secure and cost-effective stablecoin transactions.

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While public blockchains offer security and transparency, companies in industries such as finance and payments often face compliance challenges, particularly around know-your-customer (KYC) and anti-money laundering (AML) requirements. HashSphere addresses this challenge by restricting access to trusted participants, allowing companies to develop tokenized assets, AI-powered services, and other blockchain-based solutions while still meeting regulatory standards.

“From the very beginning, Hedera’s vision was to create ‘shared worlds’ — interconnected networks where enterprises could leverage the power of DLT [distributed ledger technology] without sacrificing privacy or control,” Andrew Stakiewicz, head of solutions at Hashgraph, said in a press release.

The network also includes existing Hedera tools, such as the Token Service for managing digital assets and the Consensus Service for recording transactions with reliable timestamps. The platform is compatible with the Ethereum Virtual Machine (EVM), allowing developers to build decentralized applications using Solidity and other EVM languages.

Hashgraph said it is currently working with its first partners, including Australian Payments Plus, Australia's national payment system operator, and is also actively recruiting new users.

“HashSphere is of particular interest to us due to its enhanced privacy and regulatory compliance, as well as the necessary network interoperability to seamlessly and transparently exchange stablecoins between public Hedera and private HashSphere, as well as other layer 1 protocols,” said Rob Allen, head of future payments strategy (Web3) at Australian Payments Plus.

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