Magic is a Wallet-as-a-Service (WaaS) platform that provides developers with tools to streamline user onboarding for decentralized applications, including those built on the Hedera network. The platform's core offering is an SDK that enables seamless authentication and the instant creation of non-custodial wallets for end-users, bypassing many of the traditional complexities of Web3.
For the Hedera ecosystem, Magic allows dApp developers to offer familiar Web2 login methods, such as email or social accounts, instead of requiring users to manage seed phrases or install separate browser-extension wallets. When a user logs into a Magic-enabled Hedera dApp, a secure, Hedera-compatible wallet is automatically generated for them in the background. This wallet is fully capable of interacting with the Hedera network, allowing the user to sign transactions, manage HBAR and HTS tokens, and engage with smart contracts.
The underlying technology uses a delegated key management system, where private keys are encrypted and stored in secure hardware modules, ensuring users retain full control and ownership of their assets without the burden of direct key management.
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BitGo is a leading provider of secure and regulated digital asset financial services within the Hedera ecosystem. Founded in 2013, BitGo pioneered the multi-signature wallet, setting an industry standard for digital asset security. They offer a comprehensive suite of services, including qualified custody, staking, trading, and core infrastructure for institutional clients across 50 countries.
It is a member of the Hedera Governing Council and an active contributor to the network's direction and development. BitGo also serves as a backbone technology provider for the network where it runs several Hedera mirror nodes and supports innovation across the entire ecosystem.
BitGo provides institutional-grade security for Hedera Token Service (HTS) tokens leveraging its multi-signature technology and cold storage solutions to protect client assets. It is regulatory compliant with a verified MiCA license in the EU and operational licenses in New York, Germany, Singapore, and more. Its services include real-world tokenization, settlement, and payment verticals among numerous others.
Mawari is a technology company focused on building infrastructure for the 3D internet and spatial computing. It primary work is in developing a decentralized network to power the real-time streaming of immersive, AI-driven 3D experiences with near-zero latency.
The core of Mawari's offering is its Decentralized Content Delivery Network (CDN), a globally distributed network of GPU-powered nodes. This network, combined with Mawari's patented 3D streaming codec and a spatial rendering and streaming SDK, allows for the efficient cloud rendering and delivery of complex 3D content to a wide range of devices, including smartphones and XR glasses. This technology is designed to break the bottlenecks of traditional infrastructure, making high-quality, interactive AR and VR experiences scalable and accessible. The network is built on a Decentralized Physical Infrastructure Network (DePIN) model, which incentivizes individuals to contribute their unused compute resources.
As a participant in the Hedera ecosystem, Mawari is exploring how Hedera's fast, secure, and sustainable distributed ledger technology can be integrated into its decentralized infrastructure to enhance the security, transparency, and efficiency of its network, particularly as it expands its reach in the burgeoning spatial computing and 3D internet markets.
Kabuto is a decentralized name service built on Hedera that allows users to register blockchain domains such as .hh and manage human-readable names secured by NFTs and smart contracts. It supports address and text records across multiple blockchains, making it easier for users to interact with digital assets and identities in a unified way. The platform was originally launched with a mirror node and explorer by LaunchBadge, providing tools for developers and users to view and interact with Hedera network data, though this component was later paused.
Kabuto continues to focus on decentralized identity and naming services, offering governance capabilities and DAO-ready features that allow users to participate in managing domain functionality and settings. By combining user-friendly naming with Hedera’s fast, secure, and scalable infrastructure, Kabuto aims to simplify blockchain interactions and promote wider adoption of the Hedera ecosystem.
Banxa is a global financial technology company specializing in payment processing. Its services provide interconnectivity between the traditional financial (TradFi) system and the digital asset economy. It currently processes more than $10 billion in payments annually for a wide range of clients including Visa, MasterCard, Kraken, and dozens more.
The company’s core service suite offers solutions for the facilitation of fiat-to-crypto and crypto-to-fiat conversions allowing businesses to accept and process cryptocurrency payments while enabling users to purchase digital assets. This allows for the seamless integration of cryptocurrency payments, trading, and compliance solutions enabling one-stop global expansion into more than 150 countries serviced and unlocking new revenue streams for businesses.
Banxa also provides robust compliance tools, including know your customer (KYC) and anti money-laundering (AML) solutions with more than 45 licenses. It also offers trading and wallet infrastructure through APIs and SDKs, enabling businesses to integrate cryptocurrency buying, selling, and holding functionalities directly into their own platforms via the Hedera blockchain.