Hashgraph Is Building a Private, Permissioned Blockchain for Enterprises Targeting Debut in 3Q25

Hashgraph, the blockchain development firm focusing on the Hedera (HBAR) network, is building a private, permissioned blockchain for enterprises

Hashgraph, the blockchain development firm focusing on the Hedera (HBAR) network, is building a private, permissioned blockchain for enterprises in highly regulated industries with plans to debut in the third quarter of 2025.

The firm, which provides solutions for asset managers, banks and payment providers seeking secure, low-cost cross-border transactions with stablecoins, said it will use Hedera's technology to power HashSphere and bridge private and public distributed ledgers while ensuring compliance.

Public blockchains offer security and transparency but present compliance challenges for enterprises in industries like finance and payments, especially with know your customer (KYC) and anti-money laundering (AML) requirements.

HashSphere grants access only to verified participants, enabling firms to create tokenized assets, AI-powered services and other blockchain-based products while meeting regulatory standards.

"From the start, the vision for Hedera has been to create 'shared worlds'—interconnected networks where enterprises can leverage the power of DLT [distributed ledger technology] without compromising privacy or control," said Andrew Stakiwicz, head of solutions at Hashgraph, in the release.

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

Hashgraph said it is currently working with early partners including Australian Payments Plus, Australia's national payments scheme operator, while adding other users.

"We are interested in HashSphere primarily for its enhanced privacy and regulatory compliance, while also needing network interoperability for the seamless and transparent interchange of stablecoins between public Hedera and private HashSphere and other layer-1 protocols," said Rob Allen, head of future payments (Web3) strategy at Australian Payments Plus.