FOR IMMEDIATE RELEASE
hiveonline Completes Strategic Migration to Hedera to Scale Financial Inclusion for 75,000 Users
COPENHAGEN, DENMARK – Dec 16th, 2025 – hiveonline, a leading innovator in digital financial solutions for African community-based economies, today announced the successful completion of its platform migration to the Hedera public distributed ledger technology (DLT). This major technical milestone involves the transition of all 75,000 enrolled users and associated groups to Hedera wallets, setting a new standard for scalability and cost efficiency in the delivery of financial services to the unbanked.
Scaling Trust with Next-Generation Technology
hiveonline has always leveraged blockchain technology to provide indelible, trustworthy financial data for underserved communities. However, this move to Hedera represents a pivotal evolution in the company’s infrastructure. With fixed low fees and no surge pricing, Hedera enables hiveonline to overcome common barriers in decentralised finance, specifically high volatility in transaction fees and network congestion.
By rebuilding its internal transaction and balance management infrastructure with a custom-built Hedera connector, hiveonline has created a more robust, functional, and scalable solution, while an expanded family of tokens supports balance sheet creation for every user and group. The migration ensures that the platform can support rapid user growth while maintaining low, predictable costs—a critical requirement for serving smallholder farmers and micro-entrepreneurs in emerging markets.
“We are thrilled to announce the completion of our migration to Hedera,” said Sofie Blakstad, Chief Innovation Officer and Founder of hiveonline. “For our users, every cent counts. The predictability and efficiency of Hedera’s network mean we can deliver more functional financial tools without the worry of fluctuating gas fees. Migrating our 75,000 users and 5,000 group wallets to Hedera wallets is just the beginning; this infrastructure upgrade provides the solid foundation we need to scale our impact and expand commercial opportunities to millions more.”
“Hedera is proud to support hiveonline in their mission to use DLT for tangible social impact, bringing financial services to the unbanked,” added Gregg Bell, Chief Business Officer at HBAR, Inc., a subsidiary of Hedera Foundation SEZC. “Seeing 75,000 real-world users migrated to the Hedera Network demonstrates the true utility of our technology in fostering financial inclusion.”
The Technical Edge
The migration encompasses two key technical achievements:
- Universal Wallet Integration: Every individual user and community group on the hiveonline platform now possesses a secure Hedera wallet, ensuring immutable record-keeping of financial activities and balance sheet status.
- Optimised Infrastructure: The transaction and balance services have been completely re-engineered to connect to the DLT via a proprietary Hedera connector. This architecture leverages Hedera’s high throughput to ensure real-time processing and greater system reliability.
Paving the Way for Electronic Money
This technical milestone also serves as the critical first step towards releasing hiveonline’s own stablecoin and electronic money solution in 2026. This future offering is designed to provide significantly cheaper and more efficient ways for customers to pay each other and move money within the ecosystem. As a next step, hiveonline will actively engage with local regulators to secure the required approvals, ensuring a compliant and secure rollout of these advanced financial services.
About hiveonline
hiveonline is a digital platform that helps communities build wealth by pulling their financial and commercial history into the digital ecosystem. Working primarily with farmer groups, cooperatives, and savings groups in Mozambique and Kenya, hiveonline uses distributed ledger technology and mobile data to provide unbanked users with access to credit, markets, and financial services. By turning social trust into financial reputation, hiveonline empowers small business owners and farmers to grow their livelihoods.
For more information, please visit www.hivenetwork.online.
About HBAR, Inc., a subsidiary of Hedera Foundation SEZC
HBAR, Inc. operates to support the Hedera Foundation. The Hedera Foundation’s mission is to accelerate the development, impact, and adoption of the Hedera network by empowering innovators across tokenization, DeFi, AI, and sustainability and by providing funding, expertise, and ecosystem support to developers, startups, and enterprises. Together, they drive innovation, awareness, and sustainable growth across the Hedera ecosystem.
Media Contact:
Matthew Mims, CEO hiveonline
www.hivenetwork.online