Hashgraph unveils HashSphere to help institutions build private blockchains that can go public later (2025)

HashSphere provides a fully managed environment with enterprise-grade data privacy, regulatory support, and EVM-compatible smart contract functionality.

It enables businesses to develop blockchain-based applications and financial products while ensuring compliance with local data laws and global standards. HashSphere is also designed to interoperate with the Hedera public network, allowing institutions to begin in a private environment and expand to public use cases as regulation evolves.

"From the start, the vision for Hedera has been to create 'shared worlds' or interconnected networks where enterprises can leverage the power of DLT without compromising privacy or control," says Andrew Stakiwicz, Head of Solutions at Hashgraph. "HashSphere brings this vision to life."

The solution addresses key issues that have hampered enterprise blockchain adoption: vendor lock-in, limited scalability, and lack of regulatory clarity.

Powered by Hedera technology, HashSphere targets financial institutions, payment providers, and fintechs seeking compliant, secure, and scalable digital infrastructure. Currently in beta, the platform is scheduled for public launch in Q3 2025.

"Highly regulated organizations are sometimes unwilling to grant any aspect of their network governance to a council, no matter how well-respected that council might be," Stakiwicz says. "In some jurisdictions, data must remain local and deletable. That’s not something a global, immutable public chain can easily accommodate."

HashSphere offers a modular deployment of Hedera’s distributed ledger infrastructure with support for token issuance, timestamped consensus, and EVM-based smart contracts.

"We’ve combined these core services with telemetry tools, deployment automation, and governance capabilities," he says. "This is about providing a toolkit that lets regulated entities run DLT systems securely behind their firewalls."

Interoperability is central to the project. Enterprises can build applications privately, then expand to other networks. "We’re working with multiple providers to enable communication between HashSphere, the Hedera public network, and other EVM-compatible chains," Stakiwicz says. "It’s critical for cross-border payments, asset transfers, and tokenized workflows."

The platform is already in use by select beta customers, including Australian Payments Plus, Blade Labs, and Vayana. These early partners are piloting use cases in stablecoin interoperability, real-time payments, and asset tokenization. Feedback from the beta phase is actively informing ongoing development.

"There are organizations that believe in tokenization and in Hedera’s technology, but they don’t know where to start," says Stakiwicz. "HashSphere gives them a secure entry point. From there, they can evolve into a hybrid model."

HashSphere offers compatibility with Ethereum Virtual Machine (EVM) languages such as Solidity, allowing developers to easily deploy smart contracts and decentralized applications. It supports the full suite of Hedera services, including the Token Service for digital asset issuance and the Consensus Service for tamper-proof event logging.

Robust governance and KYC/AML support are core to its value proposition.

"With HashSphere, financial institutions can configure the network to their internal policies," says Stakiwicz. "We’re offering the governance controls needed to meet today’s regulatory expectations while preparing for future decentralization."

Use cases extend beyond fintech. Traditional banks and asset managers are exploring the platform for post-trade settlement, stablecoin issuance, and automated compliance workflows. Hashgraph anticipates growing demand from firms looking to digitize real-world assets without compromising on security or oversight.

"Some workflows require transparency, which the public network excels at," Stakiwicz notes. "Others demand confidentiality. We let enterprises choose the model that fits."

The rollout comes at a time when enterprise interest in digital assets is rising, even as regulators increase scrutiny. Tokenization of real-world assets is forecast to reach trillions of dollars in market value within the next decade. Stakiwicz believes HashSphere is well-positioned to support that transformation.

"Decentralization is a journey," he says. "HashSphere is the first step."

With its layered approach to privacy, governance, and interoperability, HashSphere reflects a broader shift in blockchain: away from monolithic, one-size-fits-all infrastructure and toward flexible networks tailored for institutional use. The platform aims to reduce technical barriers while enabling gradual, compliant adoption.

"We’re not asking enterprises to change how they work overnight," Stakiwicz adds. "We’re meeting them where they are."

The public launch of HashSphere is expected in Q3 2025, following further development and beta partner feedback.

"The future is shared worlds," says Stakiwicz. "And this is how we begin to build them."