The Hashgraph Group (THG), a Switzerland-based enterprise software provider, has launched TransAct, a new solution designed to let companies and governments process transactions on the Hedera network without holding native cryptocurrency HBAR or managing digital wallets.
The new product aims to address common operational and compliance barriers that have hindered large-scale enterprise adoption of distributed ledger technology (DLT). According to a press release, TransAct abstracts away the complexity of managing digital wallets and paying network fees, a process often restricted by corporate risk and compliance departments.
TransAct strips out crypto’s usual headaches, ditching wallet custody and gas fee micromanagement, with a fully managed, SaaS gateway that invoices in USD. Clients can sign with their own keys, keeping full visibility and no exposure to HBAR. It delivers real-time control and enterprise-level uptime blockchain infrastructure without the crypto baggage. It is particularly aimed at institutions restricted by internal compliance rules from engaging directly with digital assets.
Stefan Deiss, Co-Founder and CEO of THG, positioned the product as a bridge between enterprise IT environments and public ledgers said “With TransAct, we are removing one of the major barriers to enterprise adoption, the complexity and compliance risk of holding crypto and managing digital wallets.”
He further noted, “By providing an enterprise-grade transaction gateway to interact and transact on the Hedera network, we are enabling financial institutions, e-commerce platforms, technology firms, and other organisations to process digital transactions through our easy-to-use platform, while we take care of all the technical and compliance challenges in the background.”
The platform also supports developers through open-source components released under Project Hiero via the Linux Foundation’s Decentralized Trust initiative (LFDT). However, certain proprietary features will remain exclusive to enterprise subscribers.
Micha Roon, Head of Engineering at The Hashgraph Group, pointed to TransAct’s regulatory edge: it lets enterprises operate on Hedera without holding HBAR, cutting out crypto accounting headaches and compliance red tape.
As the race to onboard institutions heats up, TransAct carves out a niche for Hedera: blockchain infrastructure without the burden of token custody. For risk-averse players, it’s Web3, minus the regulatory strings.
Also Read: Thunes and Ripple tighten grip on cross-border blockchain payments