Hedera Launches New Corporate EVM Blockchain: HashSphere Set for 2025 Rollout

On March 31, the developers of the Hedera Hashgraph network launched the beta version of a new EVM-compatible blockchain called HashSphere, aimed at corporations in regulated industries. This information was reported in a press release.

The solution is promoted as a private, permissioned protocol designed to offer blockchain services to asset managers, banks, and payment service providers for secure and cost-effective cross-border transactions using stablecoins.

The full launch of the network is expected in the third quarter of 2025.

The platform incorporates existing Hedera tools, such as the Token Service for managing digital assets and the Consensus Service for recording transactions with trusted timestamps.

Currently, the team is collaborating with early partners, including Australian Payments Plus, the national payments system operator in Australia.

«From the outset, Hedera’s vision has been to create ‘shared worlds’—interconnected networks where enterprises can leverage distributed ledger technology capabilities without compromising privacy or governance,» stated Andrew Stakievich, Head of Solutions at Hashgraph.

Rob Allen, Head of Web3 Strategy at Australian Payments Plus, highlighted the advantages of HashSphere, including privacy, regulatory compliance, and network interoperability.

It’s worth noting that in April 2024, the HBAR Foundation, the developer of the Hedera blockchain, tokenized the U.S. Treasury money market fund from BlackRock.

In March 2023, the blockchain platform was subjected to an attack, resulting in the theft of an undisclosed amount.