Fhenix to Launch Mainnet with Confidential Token Functionality on October 21
- Fhenix plans to launch its mainnet on Ethereum and Arbitrum on October 21, 2026.
- The launch will introduce a Dual-Mode Token Standard, allowing users to switch between public and private token balances in a single transaction.
- Five retail-focused decentralized applications will be launched alongside the mainnet, selected from approximately 60 projects.
- Fhenix utilizes the CoFHE coprocessor, which employs fully homomorphic encryption (FHE) for confidential smart contract operations.
- The project has raised $22 million from various investors including Multicoin Capital and Amber Group.
The Fhenix mainnet aims to enhance privacy in decentralized finance by enabling confidential transactions directly within the Ethereum ecosystem. The project is also developing private-payments products expected to launch shortly after the mainnet goes live.
With over five applications ready for deployment and significant investment backing, Fhenix’s upcoming launch marks a pivotal step in integrating privacy-preserving technologies into DeFi. (Source)
