The Hashgraph Group and String Metaverse launched BillsOnChain on July 7, a blockchain platform that converts purchase receipts into tokenized digital assets on the Hedera network. The platform aims to bridge conventional billing systems with blockchain technology by enabling receipts to become verifiable on-chain records supporting financial applications. The companies formed their partnership on January 20, 2026 at the World Economic Forum in Davos to advance invoice digitization using distributed ledger technology combined with artificial intelligence, with the blockchain B2B payments and invoice market projected to grow from approximately $22.2 billion in 2025 to nearly $1.856 trillion by 2034 according to Business Research Insights.
BillsOnChain Platform Processes 830,000 Receipts and Mints 430,000 NFTs
The companies reported that BillsOnChain has attracted more than 31,000 users with integrated wallets on the Hedera network. The platform has processed more than 830,000 receipts on-chain and facilitated the minting of over 430,000 non-fungible tokens using Hedera's distributed ledger technology.
BillsOnChain transforms physical receipts into tokenized digital assets by securely recording bills on Hedera's blockchain, enabling immutable storage, transparent auditing, real-time tracking, and invoice tokenization for financing opportunities. The platform digitizes billing processes through a decentralized and tamper-resistant framework designed to serve governments, financial institutions, enterprises, and small and medium-sized businesses. By placing invoices and receipts on a distributed ledger, the solution aims to improve transparency while reducing fraud and strengthening regulatory compliance.
The platform enables financial obligations to be transferred between parties and supports bill financing through tokenization. Built on the Hedera network, the platform is designed to support high-throughput, low-latency transaction processing while enabling automated accounts receivable and payable systems, cross-border billing, tokenized invoice financing, transparent public procurement, tax invoice digitization, and fraud reduction across government and enterprise operations.
The Hashgraph Group and String Metaverse Form Partnership at World Economic Forum
String Metaverse, which focuses on tokenization, decentralized finance, high-frequency trading, and digital asset infrastructure, partnered with The Hashgraph Group to develop the platform following an agreement signed during the World Economic Forum in Davos on January 20, 2026. The collaboration aims to advance the digitization and intelligent processing of invoices, receipts, and bills by combining distributed ledger technology with artificial intelligence and machine learning. The partners indicated that blockchain provides an immutable audit trail, while AI tools support data validation, duplicate detection, and spending analytics.
Stefan Deiss, co-founder and chief executive officer of The Hashgraph Group, said the company's long-term objective involves enabling automated value-added tax refund processing, tax reclaim automation, and real-time receipt analytics for merchants, financial institutions, and government agencies. He added that BillsOnChain demonstrates how the Hedera network can support invoice tokenization and stated that the company intends to continue working with String Metaverse to enhance global billing infrastructure and invoice financing capabilities.
Deepak Lalan, chief operating officer of The Hashgraph Group, stated that the platform demonstrates how distributed ledger technology can address longstanding inefficiencies within financial systems. He added that Hedera's enterprise-grade infrastructure offers the reliability, scalability, and security required to support global deployment while fostering greater trust and innovation.
Blockchain Invoice Market Projected to Reach $1.856 Trillion by 2034
Industry projections cited by the companies indicate that the blockchain-based business-to-business payments and invoice market could expand from approximately $22.2 billion in 2025 to nearly $1.856 trillion by 2034, driven by increasing demand for secure, real-time, and cost-efficient payment systems, along with broader adoption of blockchain-enabled invoice financing, according to Business Research Insights.
Ganesh Meenavalli, managing director of String Metaverse, said the launch represents an important milestone in the modernization of financial infrastructure. He explained that the company aims to build the underlying infrastructure for the internet-based transaction economy by bringing billing systems onto blockchain networks, increasing liquidity, transparency, and programmability. He added that the partnership with The Hashgraph Group would accelerate those objectives while delivering practical applications across industries and government organizations.
FAQ
What did The Hashgraph Group and String Metaverse launch on July 7?
The Hashgraph Group and String Metaverse launched BillsOnChain on July 7, a blockchain platform that converts purchase receipts into tokenized digital assets on the Hedera network. The platform has attracted more than 31,000 users, processed more than 830,000 receipts on-chain, and facilitated the minting of over 430,000 NFTs.
When did The Hashgraph Group and String Metaverse form their partnership?
The Hashgraph Group and String Metaverse signed their partnership agreement on January 20, 2026 during the World Economic Forum in Davos. The collaboration aims to advance invoice digitization by combining distributed ledger technology with artificial intelligence and machine learning.
How large is the blockchain invoice market projected to become by 2034?
According to Business Research Insights cited by the companies, the blockchain-based business-to-business payments and invoice market could expand from approximately $22.2 billion in 2025 to nearly $1.856 trillion by 2034, driven by demand for secure, real-time, and cost-efficient payment systems.
