McLaren Racing has joined the Hedera Council as a governing member, gaining equal voting rights on the enterprise blockchain network. The championship-winning Formula 1 team has already launched a series of free digital collectibles on Hedera tied to specific 2026 season races. Hedera’s HBAR token was trading at approximately $0.094, according to recent data from CoinGecko, reflecting a gain of over 2% on the day.
McLaren Racing has become a governing member of the Hedera Council, joining the enterprise blockchain network’s 39-member rotating council. The motorsport brand will contribute to software and services governance with equal voting rights alongside other members, which include firms like Google, IBM, and FedEx.
McLaren has already launched free-to-mint digital collectibles on Hedera featuring race-specific creative elements. Drops have occurred during the Australian and Chinese Grand Prix weekends, with another scheduled for the upcoming Japanese GP.
*“McLaren Racing is built on performance and innovation, and that extends to how we engage our fans,”* said McLaren Racing Co-Chief Commercial Officer Nick Martin, in a statement. Martin added that joining the council enables the team to help shape the network while delivering a secure fan experience.
The partnership extends beyond collectibles, with McLaren leadership set to participate in HederaCon on May 4 in Miami Beach. Hedera operates through a council spanning finance, energy, legal, tech, and academia sectors, with no single member holding more voting power.
Hedera’s HBAR token was recently trading at $0.094 per data from CoinGecko, showing a gain of more than 2% on the day. The token remains 83% below its all-time high of $0.569 set in 2021.
