Fhenix Announces Strategic Investment from BIPROGY & TransLink Capital, Accelerates Entry into Japanese Privacy-focused Stablecoin and Web3 Fintech Market

Tel Aviv / Tokyo — October 22, 2025 — Fhenix, the leading infrastructure protocol powering Private DeFi via homomorphic encryption, today announced a strategic investment from BIPROGY and Translink Sustainability & Innovation Fund. BIPROGY Inc. is one of Japan’s largest IT service providers, with a strong footprint in the financial sector. This move underscores the growing necessity of privacy solutions for institutional adoption of Web3 and demonstrates strong institutional confidence in Fhenix’s technology. The investment lays critical groundwork for Fhenix’s deeper expansion into the Japanese Web3 ecosystem.

Key Highlights

• BIPROGY, a Japanese IT firm with annual revenues exceeding $2.6 billion, adds credence, institutional backing, and local ecosystem support to Fhenix’s mission.
  
  
• The funding supports Fhenix’s roadmap for Japanese market deployment, partnerships with local financial and regulatory actors, and integration of privacy features into Japan-centric protocols.
  
  
• This comes amid rising interest in on-chain privacy in Japan, where there are over 12 million crypto accounts currently active and the Japanese digital asset & Web3 platforms market is estimated at $2.7 billion.
  
  
• Meanwhile, Japan’s broader crypto market is projected to grow from USD 327.4 million in 2024 to USD 723.2 million by 2030 (CAGR ~14.4%) as demand for more private, secure Web3 functionality increases.
  
  

“This investment is more than capital — it’s an institutional vote of confidence from one of Japan’s major tech leaders,” said Guy Itzhaki, Co-Founder & CEO of Fhenix. “It sends a message: Fhenix is a bridge between cryptographic infrastructure and real-world adoption in markets that demand privacy, transparency, and performance. We believe Japan will be among the first regions where composable privacy, enabled by FHE, becomes a day-to-day reality of all Blockchain-based Finance users.”

Why This Matters

Institutional trust + local relevancy.
BIPROGY’s backing gives Fhenix invaluable access to enterprise clients, local technology ecosystems, and regulatory intelligence — a rare advantage for a privacy-native protocol aiming for real adoption in Japan.

A rising tide of privacy demand.
In Japan’s maturing crypto landscape, many users and institutions are pushing back against public exposure of portfolio and transaction data. As more DeFi protocols move on-chain, privacy becomes not a niche, but a baseline expectation. This capital injection positions Fhenix to lead that shift.

Strategic narrative & signal.
The announcement itself is a statement: global infrastructure projects are being built with emerging markets like Japan in mind. It expands Fhenix’s narrative from “deep tech privacy” to “privacy with regional relevance and scale.”

What’s Next

Fhenix and BIPROGY will explore strategic opportunities for privacy-first blockchain infrastructure in Japan, collaborating with financial institutions and partners through pilots and research aligned with emerging regulations.

About Fhenix

Fhenix is a research and development company pioneering encrypted smart contracts with fully homomorphic encryption (FHE). Starting with a laser focus on Confidential DeFi, Fhenix is building the infrastructure to bring FHE everywhere — empowering developers, institutions, and users to create and use financial applications without sacrificing confidentiality or composability.

For media inquiries, contact:

press@fhenix.io | www.fhenix.io

About BIPROGY

BIPROGY Inc. is a leading Japanese IT solutions provider with deep enterprise reach across financial services, retail and other key sectors. With a growing interest in Web3 and privacy-enhancing technologies, its collaboration with Fhenix reflects a broader commitment to exploring the impact of advanced cryptographic infrastructure across industries.

About TransLink Capital

Translink Capital invests mainly in early-stage startups across the globe that enable disruptive technologies and business models. Those startups can go through accelerated growth by benefiting from the firm's long-standing relationships with leading corporations in technology, financial services, internet, telecommunications, electronics, and mobility sectors across Japan, South Korea, Taiwan, and Southeast Asia.

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