PANews reported on October 28th that Fhenix, an infrastructure protocol powering privacy-focused DeFi using homomorphic encryption, has officially announced strategic investment from BIPROGY and the Translink Sustainability and Innovation Fund. BIPROGY is one of Japan's largest IT service providers. The funding will support Fhenix's Japanese market deployment roadmap, including partnerships with local financial and regulatory bodies and the integration of privacy features into Japan-centric protocols. Next, Fhenix and BIPROGY will explore strategic opportunities to build privacy-first blockchain infrastructure in Japan, collaborating with financial institutions and partners through pilot projects and research to address emerging regulatory requirements.

