Regulatory Disclosure Details

Disclosure Reference: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Platform Launch Details

String Metaverse Limited, India's first publicly listed Web3 infrastructure company, together with Switzerland-based The Hashgraph Group, launched BillsOnChain (beta version) on the Hedera network. The platform is designed to transform traditional receipts, invoices, and bills into secure, immutable blockchain-based digital assets.

Key Platform Features

The platform provides programmable financial infrastructure for governments, enterprises, financial institutions, and small and medium-sized businesses with capabilities including:

  • Secure on-chain receipt recording
  • Invoice tokenization
  • Automated reconciliation
  • Fraud reduction
  • Compliance improvement
  • Invoice financing liquidity unlocking
  • Tokenized invoice financing
  • Immutable receipt verification
  • Automated accounts receivable and payable workflows
  • Cross-border billing infrastructure
  • Government procurement transparency
  • Tax invoice digitization
  • Duplicate invoice detection
  • AI-powered spending analytics
  • Fraud prevention and compliance automation

Early Adoption Metrics (Since Launch)

  • More than 31,000 wallet-enabled users on the Hedera network
  • Over 830,000 receipts securely recorded on-chain
  • More than 430,000 NFTs minted representing tokenized billing assets

Strategic Context

BillsOnChain represents the first major commercial outcome of the strategic collaboration between String Metaverse and The Hashgraph Group announced during the World Economic Forum in Davos on January 20, 2026. The platform combines Hedera's enterprise-grade distributed ledger technology with artificial intelligence.

Management Commentary

Ganesh Meenavalli, Managing Director, String Metaverse Limited: \"BillsOnChain.IO represents a significant milestone in building the financial infrastructure for the Internet Transaction Economy. By bringing invoices and receipts onto blockchain networks, we are enabling greater liquidity, transparency, security, and programmability across global commerce. Our partnership with The Hashgraph Group combines enterprise blockchain technology with artificial intelligence to deliver practical solutions for governments, financial institutions, and enterprises worldwide.\"

Stefan Deiss, Co-Founder and Chief Executive Officer, The Hashgraph Group: \"BillsOnChain demonstrates how Hedera's enterprise-grade distributed ledger can transform invoice tokenization and financial infrastructure. Our long-term vision includes automated VAT refund processing, tax reclaim automation, real-time receipt analytics, and intelligent financial workflows. Together with String Metaverse, we are building the next generation of global billing infrastructure.\"

Deepak Lalan, Chief Operating Officer, The Hashgraph Group: \"Distributed ledger technology can solve longstanding inefficiencies within financial systems. Hedera provides the scalability, security, and reliability required for enterprise and government deployments, enabling trusted digital infrastructure at global scale.\"

Market Context

Industry research indicates that the blockchain-enabled B2B payments and invoice infrastructure market is expected to expand significantly over the coming decade, driven by increasing demand for secure, real-time, transparent, and programmable financial systems.

Additional Information

The press release is accessible on the company's website at https://www.stringmetaverse.com/. The disclosure was signed by M. Chowda Reddy, Company Secretary & Compliance Officer of String Metaverse Limited.

Forward-Looking Statements

The press release contains forward-looking statements regarding expected business performance, product development, strategic initiatives, market opportunities, and future growth, with the company undertaking no obligation to update any forward-looking statements except as required under applicable securities laws and regulations.