Privacy blockchain infrastructure developer Fhenix announced investment from Biprogy and TransLink Capital

Israeli privacy blockchain infrastructure developer Fhenix has received investment from Japan's Biprogy and TransLink Capital.

Fhenix focuses on developing privacy-oriented blockchain infrastructure, utilizing homomorphic encryption technology to enable confidential transactions on decentralized finance platforms. Biprogy is a major information technology service company in Japan, holding a significant position in the financial services sector. This round of investment will support Fhenix's entry into the Japanese Web3 and fintech markets, including establishing potential partnerships with local financial institutions. The funds will help adapt its privacy technology to meet the demands of the Japanese market.