PharmaTrace Secures 300,000 HBAR Grant from Hedera’s Thrive Program for Regulated DePIN

• PharmaTrace will use Hedera Token Service and Hedera Consensus Service for product serialisation.
• It plans to launch a network utility token and contribute tools to the Hedera ecosystem.

PharmaTrace has received 300,000 HBAR in funding through the Thrive Hedera program to advance what it calls a regulated decentralised physical infrastructure network (DePIN) for pharmaceutical supply chains.

The company currently runs its serialisation and compliance platform on Hyperledger Fabric. The new grant will support PharmaTrace’s transition from a private, permissioned system to a public-permissioned architecture built on Hedera, enabling broader interoperability while preserving privacy for sensitive commercial data. Public verification of supply chain events will be a key feature of the upgraded network.

PharmaTrace To Leverage the Hedera Hashgraph Technology

PharmaTrace plans to use Hedera’s hashgraph technology to support multiple components of the system. The Hedera Token Service will be used to represent serialised pharmaceutical products, while the Hedera Consensus Service will record verifiable event logs originating from PharmaTrace’s existing Fabric-based tools. Hedera mirror nodes will allow regulators and authorised parties to independently validate select supply chain events without accessing confidential systems.

The company also announced plans to launch a utility token for operational use within the network. The token usage will be tied to reporting accuracy, platform access, and future governance functions.

Additionally, PharmaTrace said it will contribute development resources, documentation, and integration frameworks to support the broader Hedera ecosystem, with a focus on regulated supply-chain applications.

PharmaTrace positions its model alongside existing serialisation and traceability providers, including TraceLink, Optel, MediLedger, and VeChain. The company says its hybrid architecture is intended to add a public audit layer while allowing clients to maintain their existing internal compliance workflows without major redesigns.

The Growing Role of The Hedera Blockchain

A number of projects have selected the Hedera network as their preferred blockchain to build future projects. Two weeks back, Hedera joined the newly launched “State Network” initiative organized by The Digital Chamber, as mentioned in our previous story. This coalition will coordinate digital asset industry efforts to shape state-level legislation in the lead-up to the 2026 U.S. midterm elections.

The blockchain platform also partnered with cSigma Finance to expand the real-world asset utility. The Hedera Foundation said cSigma is introducing invoice-financing opportunities to stablecoin holders, linking yields in the Hedera DeFi ecosystem directly to real-world economic activity.

Similarly, NHX Finance is positioning itself as a key player in Kenya’s expanding digital-asset sector, advancing development of a fully backed 1:1 Kenyan shilling stablecoin on the Hedera network. The update comes shortly after a report highlighting the Nairobi Securities Exchange (NSE) Innovation Lab and its collaboration with Hashgraph to support next-generation market infrastructure in the region.