The Hashgraph Group (THG) has introduced TransAct, a new enterprise-grade solution designed to enable organizations to transact on the Hedera network without handling cryptocurrency. The launch has been positioned as a major step in addressing the long-standing compliance and operational hurdles that have slowed large-scale adoption of distributed ledger technology (DLT) among global enterprises.
Developed in Switzerland by THG and delivered as a fully managed cloud-based service, TransAct eliminates the need for businesses to hold Hedera’s native token HBAR or manage digital wallets when processing transactions. Instead, the platform allows institutions to pay monthly invoices in US dollars or other traditional currencies, while still requiring a signing wallet with private keys for authorizations. This ensures enterprise users maintain complete control over transaction approvals, network usage, and private keys, despite the abstraction of wallet management.
Crypto-Free Transactions with Enterprise Reliability
By removing the complexity of managing gas fees and digital wallets, TransAct is tailored to organizations that are restricted by strict compliance requirements or internal risk frameworks. The solution enables crypto-free transactions while reducing exposure to potential security risks associated with digital asset custody. With enterprise-grade service-level agreements (SLAs), guaranteed reliability, and predictable invoicing, the platform has been positioned as a secure and scalable gateway for businesses to interact with Hedera’s high-speed, low-cost, and energy-efficient network.
THG executives explained that TransAct functions as a seamless transaction gateway supported by a user-friendly dashboard. Enterprises can monitor transactions in real time, gain visibility into usage, and manage spending efficiently. By simplifying interaction with Hedera, the platform is expected to encourage greater adoption among financial institutions, government entities, e-commerce platforms, and large-scale technology firms.
Supporting Developers and Enterprises
In addition to its enterprise-grade services, TransAct also offers access to open-source components under the Linux Foundation Decentralized Trust (LFDT) through Project Hiero. This initiative is designed to foster developer contributions to the broader ecosystem, although proprietary enterprise-focused features remain exclusive to THG’s managed offering. The platform is delivered under a subscription model, providing flexibility, predictability, and scalability to enterprises seeking long-term integration with distributed ledger technology.
Company leaders emphasized that while wallet management is abstracted for simplicity, private keys remain entirely under the ownership of enterprise clients. This non-custodial approach ensures continued control, auditability, and security of processed transactions, aligning with industry standards for transparency and governance.
Enterprise-Grade Security and Adoption Strategy
Engineering teams at THG underlined that TransAct allows organizations to process transactions on Hedera without the need to acquire or hold HBAR. This approach not only streamlines compliance but also removes accounting challenges tied to cryptocurrency management. With THG’s technical expertise and enterprise support, businesses are expected to experience blockchain integration as a simplified, secure, and fully auditable process.
The launch of TransAct represents a significant milestone in THG’s product roadmap under its Hashgraph for Enterprise (H4E) suite. Positioned as part of the company’s broader strategy to enable Web3 adoption without barriers, the product demonstrates THG’s commitment to providing innovative and practical solutions for enterprises exploring distributed ledger technologies.
By allowing organizations to focus on their core business activities without the distractions of gas fee management or crypto custody, TransAct is projected to accelerate institutional use of Hedera. The offering has been highlighted as a key innovation to support governments and large enterprises seeking compliant, scalable, and secure blockchain integration, strengthening Hedera’s position as a leading enterprise-grade DLT network.
