← State of Embedded Finance 2026

Hedera Hashgraph

Can a governed, enterprise-grade public ledger become the trust layer of the internet — enabling regulated financial infrastructure including stablecoins, tokenized assets, identity, and programmable payments at scale?

Founded2018
HQDallas, TX (Hedera Hashgraph, LLC)
FoundersLeemon Baird, Mance Harmon, Paul Madsen
Total raised$125.5M
IndustryInfrastructure / BaaS
The story

Founded in 2018 as an enterprise-grade alternative to traditional blockchains, Hedera Hashgraph differentiated itself via the hashgraph consensus mechanism enabling high throughput, low latency, and deterministic finality. The platform expanded from a simple HBAR payment rail into a full-stack Layer 1 with Token Services, Smart Contracts (EVM-compatible), and Consensus Services. The Hashgraph Association and ecosystem partners have progressively built out embedded finance use cases — stablecoins, B2B lending, trade finance, and decentralized identity — positioning Hedera as infrastructure for regulated financial applications rather than speculative crypto.

Last 12 months
2025-07
2025-10
2024-05
Product timeline
2018
Hedera Hashgraph launched its public mainnet with HBAR cryptocurrency and hashgraph consensus algorithm invented by Leemon Baird.· pivot
2019
Hedera Governing Council formed with major enterprises including Google, IBM, and Boeing governing the network.· banking
2021
Hedera Token Service (HTS) launched enabling native token issuance and management on the network.· banking
2023
Hedera responded to IRS proposed rulemaking on digital asset broker reporting, asserting its role as a neutral Layer 1 protocol.· pivot
2024
Stablecoin Studio launched as a modular toolkit for issuing compliant stablecoins on Hedera.· banking
2024
The Hashgraph Association partnered with Hylobiz (Vayana subsidiary) to launch B2B lending products on Hedera DLT network.· lending
2025
Isle Finance launched on Hedera for trade finance and invoice financing for global supply chain suppliers.· lending
The stack
Payments / PSP
HBAR (self-operated native currency)Hedera Token Service stablecoins (self-operated)
Lending
B2B invoice financing (Isle Finance on Hedera)SMB debt-based lending (Hylobiz/Vayana on Hedera)African trade finance tokenized invoices (EarnX on Hedera)
Insurance
The Institutes RiskStream Collaborative (ecosystem partner)
Crypto
GK8 (custody integration partner)
Accounting gap: none