Swirlds Labs
Swirlds Labs (operating as Hashgraph) is an enterprise software company building private distributed ledger networks, tokenization platforms, and cross-ledger interoperability protocols on Hedera technology for financial institutions, exchanges, insurers, and government entities.
- Company typePrivate
- Founded2022
- HeadquartersDallas, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Swirlds Labs does
Swirlds Labs, doing business as Hashgraph, is a Dallas-based enterprise software company founded in 2022 that develops and supports the Hedera network and a portfolio of enterprise-grade distributed ledger products. The company's core technology is the Hashgraph consensus algorithm, a directed acyclic graph approach offering deterministic finality in under 3 seconds, throughput above 10,000 transactions per second, and fair transaction ordering resistant to front running. Its product surface comprises three core offerings: HashSphere, an EVM-compatible private interoperable network available as a managed service or fully-hosted infrastructure with SLAs and 24/5 support; Asseto, a modular tokenization platform for issuing, managing, trading, and settling tokenized financial assets; and CLPR (Cross-Ledger Protocol), a bridgeless standard for moving value natively between ledgers without intermediaries.
Hashgraph sells to enterprise and institutional buyers in regulated industries—primarily capital markets, central securities depositories and exchanges, fintechs, governments, corporations, and insurance carriers—via a direct enterprise field sales motion with quote-based subscription pricing, annual billing cadences, and "Request a Demo" conversion paths. Revenue streams are subscription/recurring across the HashSphere managed service, the Asseto tokenization platform, and the CLPR interoperability protocol, with no publicly disclosed pricing tiers. The company holds SOC 2 Type 2 and ISO 27001 certifications, indicating security posture aligned with enterprise procurement requirements, and operates a marketing mix spanning content, developer relations, an annual HederaCon conference, and partner-driven deal flow.
The company's go-to-market is anchored by strategic partnerships with ioBuilders (tokenization), Blade Labs (Islamic finance), the Qatar Financial Centre Digital Asset Lab, The Institutes RiskStream Collaborative (insurance), and participation in Australia's Project Acacia. Governance of the underlying Hedera public network is distributed across the Hedera Council of up to 39 leading independent institutions, positioning Hashgraph as the development labs entity rather than the centralized network operator.
Swirlds Labs firmographics
Firmographics- Name
- Swirlds Labs
- Website
- https://swirldslabs.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Swirlds Labs (operating as Hashgraph) is an enterprise software company building private distributed ledger networks, tokenization platforms, and cross-ledger interoperability protocols on Hedera technology for financial institutions, exchanges, insurers, and government entities.
- Ownership category
- akta.pro rank
Swirlds Labs industry classification
Industry- Product category
- Enterprise Distributed Ledger Technology
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD)
- akta.pro secondary industries
- Settlement, Clearing & Reconciliation for Tokenized Assets (DvP, PvP, netting, post-trade) (FSAPAIAI), Cross-Chain Trading & Liquidity Routing (multi-chain swaps, bridge-integrated trading) (FSAPADAJ), Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)
Keywords
Where Swirlds Labs is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Markets served
Swirlds Labs business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- HashSphere Private Network Services: Managed service offerings and fully-hosted infrastructure for private network deployment with SLAs and 24/5 support.
- Asseto Platform: Modular tokenization platform for financial institutions to issue, manage, trade, and settle tokenized financial assets.
- CLPR Cross-Ledger Protocol: Cross-ledger communication protocol enabling interoperability between networks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise quote-based pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Swirlds Labs product offering
Product offeringCore offering
Swirlds Labs (operating as Hashgraph) develops and sells enterprise distributed ledger technology built on the hashgraph consensus algorithm and Hedera network. Its products include HashSphere (an EVM-compatible private interoperable network available as a managed service or fully-hosted infrastructure), Asseto (a modular tokenization platform for financial institutions to issue, manage, trade, and settle tokenized financial assets), and CLPR (a bridgeless Cross-Ledger Protocol enabling native value transfer between ledgers without bridges or intermediaries). Revenue is generated primarily through enterprise subscriptions, managed services, and infrastructure deployments to financial institutions, exchanges, fintechs, governments, and large corporations.
Product overview
Hashgraph is a growing enterprise software company building the future of finance through products developed with Hedera technology. The product portfolio consists of three core offerings: HashSphere (an EVM-compatible private interoperable network), Asseto (a modular tokenization platform for financial institutions), and CLPR (a bridgeless cross-ledger protocol enabling native value transfer between ledgers without bridges). Supporting the core products are ecosystem tools including Hashio (JSON-RPC relay), HashioDAO (DAO component), and HashScan (network explorer).
Differentiator
Problem solved
Functional benefit
Brands
- HashSphere: A private interoperable network built as an EVM-compatible private network. Available as a managed service offering or fully-hosted infrastructure, powered by Hedera technology.
- CLPR
- Asseto
Products and services
- HashSphere EVM-compatible private interoperable network built on hashgraph consensus, available as a managed service offering or fully-hosted infrastructure. Delivers deterministic finality in under 3 seconds, 10,000+ transactions per second, zkSNARK-based transaction privacy, fair ordering by consensus timestamp, and front-running resistance. Targets regulated industries including financial services, capital markets, insurance, government, fintechs, and large corporations that require compliance, performance, and interoperability with the Hedera public network and other public chains.
- Asseto Modular tokenization platform developed by ioBuilders on Hedera and HashSphere, offered by Hashgraph to financial institutions. Enables issuance, management, trading, and settlement of tokenized financial instruments and digital cash through a single integrated solution, backed by the private HashSphere network or the public Hedera network.
- CLPR (Cross-Ledger Protocol) Bridgeless standard for cross-ledger communication that moves value natively between ledgers cryptographically without intermediaries and bridges. Enables interoperability between private network Spheres, the Hedera public network, and other public networks outside the Hedera ecosystem to unlock greater sources of liquidity and prevent assets from being trapped in walled gardens.
Quantifiable outcome
- 10,000+ transactions per second throughput on Hedera network
- +2 more outcomes
Companies that use Swirlds Labs
Customer profileNamed customers4 records
Segments6 records
Ideal customer profiles5 records
Swirlds Labs technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Swirlds Labs partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- ioBuilderscoreioBuilders developed the Asseto modular tokenization platform on Hedera and HashSphere. Hashgraph announced an investment in ioBuilders and is now offering Asseto as part of its product portfolio. ioBuilders serves as a key development partner for tokenization infrastructure.
- Hedera CouncilcoreHedera Council is a group of up to 39 leading independent institutions that govern the Hedera public network. Hashgraph is the development labs team behind Hedera's technology. The Council provides decentralized governance while Hashgraph develops core technology.
- Blade LabscoreBlade Labs is a digital asset provider that partnered with Hashgraph through the QFC Digital Asset Lab. They developed the Digital Receipt System (DRS) proof-of-concept showcasing blockchain, smart contracts, and global identity standards for Islamic finance institutions.
- Qatar Financial Centre (QFC) Digital Asset LabcoreQFC Digital Asset Lab collaborated with Hashgraph and Blade Labs on a blockchain-based Digital Receipt System proof-of-concept. The initiative supports Qatar's digital asset ecosystem development and tokenization goals.
- The Institutes RiskStream CollaborativecoreThe Institutes RiskStream Collaborative is the insurance industry's largest not-for-profit emerging technology consortium. They are leveraging HashSphere to verify, track, and maintain critical data across insurance parties, with the vision to tokenize risk assets.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
Swirlds Labs competitors and assessment
Company assessmentDirect peers
- R3: R3 builds Corda, an enterprise distributed ledger platform purpose-built for financial institutions and capital markets participants. It is the most direct comparable to Swirlds Labs' HashSphere/Asseto positioning, competing head-to-head for regulated-buyer tokenization and settlement mandates.
- Kadena: Kadena is an enterprise-focused L1 emphasizing high throughput, lower fees and Chainweb scaling, marketed toward banks and financial institutions for tokenized assets and settlement. It is comparable as another non-Ethereum L1 directly pursuing institutional tokenization, similar to Hedera and HashSphere.
- Digital Asset Holdings: Digital Asset builds the Daml smart-contract language and Hyperledger-style enterprise ledger infrastructure (incl. Besu) for tokenization and post-trade workflows at large financial institutions. It competes directly with Asseto and HashSphere on institutional asset tokenization and interbank settlement.
- Quant Network: Quant provides the Overledger interoperability platform for connecting DLTs, legacy systems and CBDCs across financial institutions. It is comparable to CLPR as a competing cross-ledger/interoperability layer, and overlaps broadly with HashSphere in regulated multi-network deployments.
- Casper Labs: Casper Labs builds a permissioned, enterprise-grade blockchain (Casper Network) targeted at financial services, supply chain and government use cases. It is comparable as a competing permissioned/consortium stack pitching deterministic finality and compliance-first design to regulated buyers.
- Consensys: Consensys develops enterprise Ethereum-based infrastructure (including Quorum lineage) and tools (Infura, MetaMask Institutional) for tokenization and digital asset deployments. It is comparable as an EVM-aligned enterprise stack competing for the same financial institution and capital markets tokenization buyers.
Emerging players
- Polygon Labs: Polygon develops Ethereum L2 and CDK-based appchains used by financial institutions and corporates (e.g., tokenized assets, payments). It overlaps as an emerging competitor to HashSphere's permissioned private network model and Asseto's tokenization rails, with much broader developer mindshare.
- Avalanche (Ava Labs): Avalanche operates an L1 with the permissioned "AvaCloud" subnet stack marketed at institutions for tokenized assets and cross-chain settlement. Comparable as an emerging, capital-rich L1 pursuing the same institutional tokenization and private-network use cases.
Broad incumbents
- Hyperledger Foundation (Linux Foundation): Hyperledger is the open-source umbrella for enterprise DLTs (Fabric, Besu, Indy) widely adopted by banks, CSDs and supply chain consortia. It is comparable as a broader incumbent serving many of the same institutional tokenization, settlement and digital identity use cases targeted by HashSphere and Asseto.
- Onyx by JPMorgan: JPMorgan's Onyx builds institutional blockchain infrastructure (e.g., Liink, Coin Systems, Kinexys) for tokenized collateral, cross-border payments and wholesale settlement. It is comparable as a broad incumbent offering tokenized-asset and DvP/PvP infrastructure that competes for the same Tier-1 bank buyer set as CLPR and Asseto.
Market position
Strengths5 records
Weaknesses5 records
Key risks6 records
Key highlights7 records
Customer concentration
Swirlds Labs social profiles
Digital presenceSwirlds Labs compliance and trust
Trust signalCompliance2 records
Swirlds Labs financial estimates
Financial estimateRevenue estimate
Valuation estimate
Swirlds Labs leadership team
Management profileNumber of profiles
Profiles2 records
Swirlds Labs funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Swirlds Labs M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Swirlds Labs
What does Swirlds Labs do?
Swirlds Labs (operating as Hashgraph) develops and sells enterprise distributed ledger technology built on the hashgraph consensus algorithm and Hedera network. Its products include HashSphere (an EVM-compatible private interoperable network available as a managed service or fully-hosted infrastructure), Asseto (a modular tokenization platform for financial institutions to issue, manage, trade, and settle tokenized financial assets), and CLPR (a bridgeless Cross-Ledger Protocol enabling native value transfer between ledgers without bridges or intermediaries). Revenue is generated primarily through enterprise subscriptions, managed services, and infrastructure deployments to financial institutions, exchanges, fintechs, governments, and large corporations.
When was Swirlds Labs founded?
Swirlds Labs was founded in 2022. It employs 101 to 250 people.
Where is Swirlds Labs based?
Swirlds Labs is headquartered in Dallas, United States, in the North America region.
How does Swirlds Labs make money?
Three revenue lines are on record. HashSphere Private Network Services are the primary driver. The others are asseto Platform and CLPR Cross-Ledger Protocol.
Who are Swirlds Labs's main competitors?
Direct peers on record are R3, Kadena, Digital Asset Holdings, Quant Network, Casper Labs and Consensys. Emerging players are Polygon Labs and Avalanche (Ava Labs). Broad incumbents are Hyperledger Foundation (Linux Foundation) and Onyx by JPMorgan.
Does Swirlds Labs have an API?
No public API is recorded for Swirlds Labs.
What industry is Swirlds Labs in?
Swirlds Labs's product category is Enterprise Distributed Ledger Technology. Its primary akta.pro industry code is FSAPAIAD, Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity), with a secondary code of FSAPAIAI, Settlement, Clearing & Reconciliation for Tokenized Assets (DvP, PvP, netting, post-trade). Its NAICS code is 522320 and its SIC code is 6200.