Hedera Hashgraph, LLC

Hedera is a public, decentralized distributed ledger network using the hashgraph consensus mechanism — a DAG (Directed Acyclic Graph) structure with gossip-about-gossip and virtual voting that enables asynchronous Byzantine fault tolerance without requiring proof-of-work or proof-of-stake mining competition. This architectural distinction gives Hedera three enterprise-critical properties that traditional blockchains cannot match simultaneously: deterministic finality (no reorganizations, no forks), sub-cent fixed fees regardless of network load (average $0.0001 per transaction), and provable transaction ordering (fair consensus). The network achieves 10,000+ TPS with 3–5 second finality and is certified carbon-negative. The Hedera network provides four native services without smart contract dependency: Hedera Token Service (HTS) for fast, cheap native token issuance and transfer (fungible and non-fungible); Hedera Consensus Service (HCS) for verifiable timestamping and ordering of any data stream; Hedera File Service (HFS) for decentralized file storage; and Hedera Smart Contract Service (HSCS) for EVM-compatible contracts since 2022 (supporting Solidity, ERC-20, ERC-721, ERC-1400, ERC-3643). For RWA tokenization specifically, Hedera provides the Asset Tokenization Studio (ATS) — an open-source toolkit developed with ioBuilders, Red Swan, the Hedera Foundation, and Hashgraph — enabling compliant tokenization of equities, bonds, and real estate with ERC-1400 (US SEC Reg D and Reg S) and ERC-3643 (global/non-US) standards, on-chain KYC/whitelisting, and full asset lifecycle management. Key institutional deployments: Archax tokenizing assets tied to BlackRock, Fidelity, and State Street money market funds; Red Swan with $5B+ in commercial real estate; KAIO (formerly Libre) institutional tokenized funds from BlackRock, Brevan Howard, and Laser Digital; UK's first FX trades using tokenized RWAs as collateral (Lloyds Banking Group, Aberdeen Investments, Archax); $10B+ in cumulative RWA settlement volume. Stablecoin Studio enables banks to issue regulated stablecoins. Hedera Guardian supports ESG/carbon credit verifiable data. AI governance use cases include Prove AI (verifiable AI audit trails on-chain). The Canary Capital HBAR ETF (ticker: HBR) launched on Nasdaq October 28, 2025 with $51M+ AUM, holding ~1% of total HBAR supply. ETF applications filed by Grayscale and 21Shares are under SEC review. Key 2025 metrics: $208M+ DeFi TVL (up 141% YoY), 2.7M quarterly transactions from dApps (up 386% YoY), 190% YoY growth in daily active wallets, 37.5%+ of circulating HBAR supply staked.