Hashgraph Group Unveils TransAct to Bring Compliance-Friendly Web3 to Businesses
The Hashgraph Group (THG), a Switzerland-based enterprise software provider, has introduced TransAct, a new service aimed at enabling businesses and government institutions to process transactions on the Hedera network without dealing directly with cryptocurrency.
Traditionally, using Hedera or other distributed ledger technologies (DLTs) requires managing digital wallets, paying gas fees with tokens such as HBAR, and complying with strict corporate risk rules.
TransAct eliminates these hurdles by offering a fully managed Software-as-a-Service (SaaS) gateway that abstracts away crypto complexity. Instead of wallets and HBAR, enterprises receive invoices in U.S. dollars while still maintaining signing authority with their own keys and full transaction visibility.
Stefan Deiss, Co-Founder and CEO of THG, said the product is designed to break down a major barrier to enterprise blockchain adoption.
“Many organisations want the benefits of public ledger infrastructure but cannot touch crypto due to compliance or internal risk restrictions. TransAct gives them an enterprise-grade pathway without the baggage of token custody,” he explained.
The platform caters to industries such as finance, e-commerce, and technology, which often face regulatory bottlenecks when engaging with digital assets. By removing the requirement to hold HBAR, TransAct provides real-time transaction control, guaranteed uptime, and regulatory peace of mind.
In addition, developers will benefit from open-source tools made available through Project Hiero under the Linux Foundation’s Decentralised Trust initiative (LFDT). Some advanced features, however, will remain exclusive to enterprise clients subscribing to THG’s premium services.
Micha Roon, Head of Engineering at THG, emphasised the regulatory advantage of the platform, noting that it allows firms to “operate on Hedera without the accounting and compliance complications that usually come with crypto exposure.”
As enterprises cautiously explore blockchain adoption, TransAct positions itself as a unique entry point—offering the efficiency of Hedera’s network but without the challenges of managing digital wallets or volatile token balances. For institutions wary of regulatory scrutiny, it’s a way to leverage Web3 infrastructure without stepping into the crypto economy.
