Fhenix, Ethereum L2 and Coprocessor that uses FHE for on-chain confidentiality, Receives Undisclosed Investment and Partnership from Tandem by Offchain Labs

March 26, 2025

Fhenix, a project dedicated to advancing Fully Homomorphic Encryption (FHE) for Ethereum, has entered into a strategic partnership with Offchain Labs, the team behind the Arbitrum protocol. This collaboration aims to tackle the complexities of implementing encryption directly on blockchain networks, particularly Ethereum. FHE, which has traditionally faced hurdles in terms of speed and computational efficiency, is now seeing improvements thanks to advances in cryptographic techniques and optimizations.

The investment and partnership announcement signal a focused effort to improve the practical application of FHE in Ethereum's ecosystem. Both Fhenix and Offchain Labs plan to drive research and development efforts that will make FHE a more accessible and scalable solution for the blockchain industry. Offchain Labs, which has been instrumental in scaling Ethereum through its roll-up solutions, brings a wealth of experience in blockchain infrastructure. The partnership also benefits from the expertise of renowned cryptographer Victor Shoup, who co-designed the first FHE library, HElib.

With their combined technical capabilities, Fhenix and Offchain Labs are set to introduce enhanced on-chain confidentiality, which is increasingly critical as blockchain applications scale. Their goal is to deploy FHE across Arbitrum, Ethereum, and other decentralized platforms, offering a new level of privacy for blockchain users and developers alike. This collaboration marks a significant step toward the widespread adoption of cryptographic solutions designed to protect sensitive data without compromising performance.

About Fhenix

Fhenix focuses on integrating Fully Homomorphic Encryption (FHE) into Ethereum and other blockchain networks. The platform is dedicated to enabling secure computations on encrypted data, contributing to privacy and confidentiality on decentralized systems. By making FHE accessible to developers, businesses, and users, Fhenix seeks to enhance the security of blockchain technology.

Website: https://www.fhenix.io/  X: @FhenixIO

About Investor

Offchain Labs

Offchain Labs is a blockchain development firm known for its work on Arbitrum, a Layer 2 scaling solution for Ethereum. The company specializes in developing efficient and scalable blockchain solutions, using roll-up technology to enhance the performance of decentralized applications.

Location: Princeton, NJ

Website: https://www.offchainlabs.com/

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