August 29, 2019 Hedera Hashgraph will launch permissioned smart contract platform September 16, release a minority of tokens purchased through the SAFT.

The initial network will comprise 13 permissioned validators and governing members, including recently announced partnerships with IBM, Tata Communications, Boeing and FIS Global. Hedera raised $124 million in mid-2018 through a Simple Agreement for Future Tokens (SAFT). Early investors and employees are subject to extended vesting periods, with only 3.18% of the total supply released at inception and the remainder released over 15 years.