Hashgraph Launches HashSphere to Address Blockchain Compliance Issues in Financial Sector

• HashSphere offers secure, compliant blockchain solutions for regulated industries.
• Built on Hedera, HashSphere ensures KYC/AML compliance with private transactions.
• HashSphere enables low-cost, cross-border transactions for asset managers and banks.

Hashgraph, the company behind Hedera, has announced HashSphere, its new private and permissioned blockchain for institutions in highly regulated industries. The platform is a secure, economical solution that helps companies with cross-border transactions while adhering to regulatory requirements for Know Your Customer (KYC) and Anti-Money Laundering (AML).

HashSphere, which is still in beta, is expected to be launched in the third quarter of 2025. It is based on the Hedera network and fully compatible with the Ethereum Virtual Machine, allowing users to create decentralized apps ready for the blockchain ecosystem. This approach allows for the possibility of having a permissioned blockchain with the high efficiency of public ledgers.

Enterprise-Friendly Features of HashSphere

HashSphere is intended to support the data privacy and compliance requirements that many business organizations must address when using public blockchains like Ethereum. Public distributed ledgers like Ethereum have advantages but are insufficient, particularly concerning compliance requirements like KYC and AML. HashSphere eliminates this problem by allowing only the verified participants to have direct access to the network through which they can interact.

HashSphere implements the trusted Hedera services that facilitate the Token Service for digital asset control, the Consensus Service for transactional timestamps, and the Smart Contract Service for EVM-compatible dApp deployment.

Implementing blockchain technology becomes more accessible for institutions since these services ensure regulatory compliance and security integrity. Early platform testing includes partnerships with Australian Payments Plus, a key player in Australia’s national payments scheme.

Targeted Industries and Use Cases

The launch of HashSphere by Hashgraph targets asset managers, banks, fintechs, and payment providers looking for reliable and compliant blockchain solutions. The platform’s primary focus is enabling low-cost stablecoin-based transactions that meet strict regulatory standards.

With its strong emphasis on interoperability, HashSphere also offers businesses the ability to connect with private and public blockchain networks, enabling seamless token transfers and cross-border payments.

Andrew Stakiwicz, the head of solutions at Hashgraph, stated that the principal idea behind HashSphere is to overcome the differences between public and private blockchains. Hashgraph strategically aims to solve the main challenges of implementing decentralized ledger technology by offering enterprises solutions that enable the use of the technology while compliant and secure.

The availability of managed nodes and customer support puts it in a good position as an institution that wants to leverage blockchain technology that adheres to legal jurisdictions.