Fhenix Raises $15M to Enhance Blockchain Privacy with FHE

Israeli blockchain firm Fhenix has secured a $15 million investment round, backed by international investors such as Offchain Labs, to enhance blockchain privacy using Fully Homomorphic Encryption (FHE). This funding signifies the company’s potential to revolutionize blockchain privacy, particularly for the Ethereum ecosystem and DeFi applications. With this investment, Fhenix aims to develop cutting-edge encryption technologies for the crypto industry.