Hedera Unveils New EVM-Compatible Enterprise Blockchain
Date: 2025-04-01 Author: Henry Casey Categories: BLOCKCHAIN
The project is aimed at companies operating in regulated sectors and was presented in an official press release.
HashSphere is designed as a private permissioned blockchain protocol. Its goal is to provide reliable and cost-effective solutions for cross-border stablecoin transactions. The main target users of the platform are asset managers, banks, and payment service providers.
The full launch of the system is scheduled for Q3 2025. The HashSphere platform integrates key Hedera tools such as Token Service for digital asset management and Consensus Service, which ensures the recording of transactions using trusted timestamps.
The developers are currently collaborating with early partners, including Australian Payments Plus, Australia’s national payment system operator.
According to Andrew Stakiewicz, Head of Solutions at Hashgraph, Hedera’s mission from the start has been to create “shared worlds” — connected networks that allow businesses to use distributed ledger technology without sacrificing privacy and governance.
Rob Allen, Head of Web3 Strategy at Australian Payments Plus, noted that HashSphere is attracting attention due to its privacy, regulatory compliance, and ability to integrate with other networks.
In April 2024, the HBAR Foundation, the developer of the Hedera blockchain, tokenized the US Treasury Money Market Fund from BlackRock.
It is worth noting that in March 2023, the Hedera network was hacked, during which the attackers managed to withdraw a certain amount of funds.
