The Hashgraph Group (THG), the Swiss-based leading Web3 and AI technology engineering company, and String Metaverse, India's first publicly listed Web3 infrastructure company, announced the launch of "BillsOnChain" – a groundbreaking Web3 platform that transforms everyday spending into tokenized digital assets by bridging the gap between physical receipts and the power of blockchain on July 7. Developed in strategic partnership between String Metaverse and The Hashgraph Group, the platform has already onboarded over 31,000 users with integrated wallets on Hedera and has scanned more than 830,000 bills on-chain and more than 430,000 NFTs minted using Hedera's distributed ledger technology (DLT) network.

The BillsOnChain platform introduces a decentralized, tamper-proof framework, that digitizes and tokenizes billing across industries. By leveraging Hedera's enterprise-grade distributed ledger technology, the platform enables:

• Immutable storage of invoices and bills on-chain
• Real-time tracking and auditability
• Reduced fraud and enhanced compliance
• Seamless transferability of financial obligations across parties
• Monetization opportunities through bill financing and tokenization

The platform is designed to serve a wide range of stakeholders, including governments, financial institutions, enterprises, and SMEs, unlocking new efficiencies in both public and private sector financial operations.