The blockchain Fhenix driven by homomorphic encryption technology has completed a $7 million seed round financing, led by Multicoin Capital and Collider Ventures

ChainCatcher News: The first fully homomorphic encryption (FHE) powered confidential blockchain, Fhenix, has announced a $7 million seed round financing led by Multicoin Capital and Collider Ventures, with participation from Node Capital, Bankless, HackVC, TaneLabs, and Metaplanet, as well as individual investors including Tarun Chitra and Robert Leshner of Robot Ventures.

It is reported that the funds will be used to bring the Fhenix network to the public testnet early next year and to support ecosystem application development.