By CoinMarketCap
Publication Date: 2026-09-29 10:05:00
Hedera (HBAR) Surges on IBM Partnership and Institutional Narratives
Hedera (HBAR) experienced a significant price increase of approximately 10 percentage points over the last 25 hours, driven by concrete enterprise news involving IBM and broader institutional, AI, and tokenization narratives. This surge was further amplified by an altcoin rotation and a technical breakout.
IBM Cloud Listing and IDTrust as the Primary Catalyst
The primary catalyst for HBAR’s recent rally is the listing of a Hedera-based identity product, IDTrust, in the IBM Cloud Catalog. This development is widely reported as the main trigger for the recent HBAR rally.
- IDTrust, developed by The Hashgraph Group, is designed for AI agent, device, and human identity using decentralized identifiers and verifiable credentials on Hedera. It is now directly available to IBM’s cloud customers as a blockchain-based identity solution.
- The announcement also included The Hashgraph Group gaining IBM Silver Partner status and…
