FedEx, the global logistics giant, announced it has joined the Hedera Governing Council, becoming the next Fortune 500 company after Google, IBM, Dell, and Deutsche Telekom to join this governance organization. Following the announcement, Hedera’s native token HBAR surged over 7%.
(Background recap: Google joins! Becomes a member of the Hedera Hashgraph Governance Council, causing HBAR to skyrocket 300% in two days)
(Additional context: What is the “Hedera Hashgraph” project? Why did tech giants like IBM publicly support it?)
According to FedEx’s official press release and Hedera’s official blog, FedEx officially joined the Hedera Council on February 13.
Vishal Talwar, FedEx’s EVP and Chief Digital and Innovation Officer (CDIO), stated:
The digital transformation of the global supply chain is unstoppable. As supply chains become increasingly digital-native, trusted data must be shared and verified across multiple parties without increasing risk or centralizing control. Hedera provides a neutral, enterprise-grade trust layer that enables verification at a global scale, allowing companies like FedEx to build differentiated capabilities on top of it.
As a council member, FedEx will run nodes on the Hedera network and enjoy equal voting rights with other members, directly participating in governance decisions for Hedera software and services.
Trusted Infrastructure + Cross-Border Business Friction Reduction
Specific directions for FedEx after joining the council include:
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Advancing a future-oriented, trusted digital infrastructure for the global supply chain, enabling the entire shipping lifecycle to operate at data speeds rather than relying on paper or physical checkpoints.
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Reducing cross-border business friction through secure data verification across organizations and jurisdictions. This is crucial for FedEx, which handles over 15 million packages daily across more than 220 countries and regions.
Hedera Governing Council Chair Tom Sylvester said: “FedEx brings deep operational insights into global logistics and commerce, and their perspective will play an important role as the industry transitions toward a digital-native supply chain.”
Hedera Governing Council: Currently 31 Global Organizations
Since its founding in 2019, the Hedera Council has expanded from 6 members to over 31 leading organizations worldwide, spanning 11 industries. Current members include Google, IBM, Dell, Deutsche Telekom, Nomura Holdings, Boeing, LG Electronics, and energy giant Repsol, covering technology, finance, energy, telecommunications, and more.
The council operates under a permissioned governance model, allowing up to 39 trusted organizations to run network nodes. Each member has equal voting rights, responsible for approving core updates and maintaining network security and integrity—forming a “decentralized corporate board” model.
Following the announcement, HBAR tokens rose over 7%, trading around $0.097, outperforming the broader market amid a downturn.
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