TechFlow, October 28 — According to Techinasia, Israeli privacy blockchain infrastructure developer Fhenix has secured investment from Japan's Biprogy and TransLink Capital.
Fhenix specializes in developing privacy-focused blockchain infrastructure, leveraging homomorphic encryption to enable confidential transactions on decentralized finance platforms. Biprogy is a major Japanese information technology services company with a significant presence in the financial services sector.
This funding round will support Fhenix's entry into Japan's Web3 and fintech markets, including potential partnerships with local financial institutions. The capital will aid in adapting its privacy-preserving technologies to meet Japanese market requirements.
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