Is the Bank of England Subtly Exploring HBAR Crypto for Stablecoin Initiative?

Hedera Hashgraph has been chosen to participate in the Bank of England’s DLT (Distributed record Technology) challenge, aimed at examining the applications of DLT in the financial sector. Following this update, HBAR crypto asset has seen a +15% increase this week, coinciding with the launch of the Hedera ETF on October 28.

The Bank of England is officially making strides in DLT innovation, and Hedera’s involvement is a significant development. This could prove advantageous for HBAR

Hedera Hashgraph
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crypto, as there is a growing institutional interest in digital assets and the UK is making efforts to modernize its previous conservative approach to crypto.

Hedera is honored to be part of the @bankofengland and @BIS_org DLT Innovation Challenge, investigating the potential of transacting central bank money on programmable external ledgers.

Hedera looks forward to providing insights into the future of DLT in finance… pic.twitter.com/CJIUThF3WU

— Hedera (@hedera) October 24, 2025

Hedera Among Key Players in Bank of England DLT Challenge

Hedera will be taking part in the DLT Innovation Challenge, a program initiated by the Bank of England and the Bank for International Settlements Innovation Hub (BISIH) London Centre.

This initiative seeks to investigate how wholesale central bank money can be transferred and settled on external programmable ledgers not managed by the Bank itself.

The Bank of England’s DLT Challenge will span the autumn season and invites firms to showcase methods for securely transacting and settling central bank money on an external database that the Bank of England does not oversee.

Insights garnered from the challenge will illuminate aspects of settlement finality and security, ensuring that transactions are irreversible and tamper-proof; scalability; effective management of high transaction volumes; asset and network management; achieving a balance between decentralization and regulatory compliance; and ensuring compatibility.

Other decentralized enterprises involved in this challenge include Ava Labs, Chainlink

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, Aave Labs, and USDC issuer Circle, to name a few. HSBC and KPMG stand out as significant participants from the traditional finance sector.

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HBAR Crypto Rises After October 28 Hedera ETF Launch

The $HBR ETF provides exposure to HBAR, Hedera Hashgraph’s native token—utilized for platform services, fees, protection, & powering applications. Hedera is recognized for its high throughput, low costs, enterprise governance, practical applications, and energy efficiency
More: https://t.co/7wf857Bv0S pic.twitter.com/J7QRDA3GYj

— Canary Capital (@CanaryFunds) October 28, 2025

Positive momentum is building for Hedera after its entrance into the Bank of England’s DLT Challenge and, notably, the launch of the HBAR ETF the day prior.

Canary Capital, an asset management firm with a focus on digital assets, disclosed the introduction of two new ETFs on the Nasdaq that track Litecoin (LTC) and Hedera (HBAR), marking the first US-listed ETFs offering direct access to these cryptocurrencies.

This is significant because HBAR and LTC are now among the (tied) third digital assets to gain spot ETF listing approvals, following Bitcoin in January 2024 and ETH in July 2024.

An amusing trading network took place on social media between Hedera and Litecoin after Hedera announced its milestone as the third digital asset to secure a spot ETF, with the Litecoin X account quipping, “*Tied for 3rd*.”

According to a statement from Canary Capital, both the Canary Litecoin ETF and the Canary Hedera ETF commenced trading on Monday (October 27), with a management fee of 0.95%, as outlined in the firm’s S-1 filing made earlier this month.

Bloomberg ETF analyst Eric Balchunas shared on X that the HBAR ETF saw $8 million in inflows on its debut, compared to just $1 million for the LTC ETF.

Will ETFs and Bank of England Collaboration Propel HBAR Crypto to $0.34?

(SOURCE: TradingView)

On the 4-hour chart, HBAR crypto is showing a clear upward trend and is currently testing the upper boundary around $0.205. If this level is surpassed and a 4-hour candle closes above $0.205, it may be well on its way to $0.34, where the next barrier level point lies.

Currently, Hedera trades at $0.195, exhibiting a 15% rise over the last week, fueled by the recent positive developments surrounding HBAR.

Nonetheless, it is still down -65% from its peak of $0.5692 reached in September 2021 and has significant ground to cover to achieve new highs, although the introduction of a spot ETF and partnerships with the Bank of England provide a promising foundation.

HBAR digital currency currently holds a trading market valuation of $8.3 billion, ranking it as the 28th largest digital asset by trading market capitalization, according to CoinGecko. Increasing institutional interest in Hedera, combined with a live ETF offering, could potentially position it among the top 10 digital assets in this bull crypto market.

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