The infrastructure protocol Fhenix announced that it has received strategic investments from BIPROGY and TransLink Capital.

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PANews, October 28 news, according to official news, the infrastructure protocol Fhenix, powered by Homomorphic Encryption technology for privacy DeFi, announced that it has received strategic investment from BIPROGY and Translink Sustainable Development and Innovation Fund. BIPROGY is one of the largest IT service providers in Japan. This funding will support Fhenix's deployment roadmap in the Japanese market, including establishing partnerships with local Financial Institutions and regulatory agencies, as well as integrating privacy features into Japan-centered protocols. The next step for Fhenix and BIPROGY will be to explore strategic opportunities to establish privacy-first Blockchain infrastructure in Japan, collaborating with Financial Institutions and partners through pilot projects and research cooperation to jointly adhere to emerging regulatory requirements.

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