Fhenix Will Launch Its Mainnet With Support for Confidential Tokens on October 21

• The Fhenix mainnet will launch on October 21 on the Ethereum and Arbitrum networks.
• Five retail-focused dApps will go live alongside the network.
• The project will introduce the Dual-Mode Token Standard for switching between public and private balances.

Fhenix, a confidential computing protocol, has announced the launch of its mainnet on October 21, 2026, on the Ethereum and Arbitrum networks. Five applications selected by the project team will go live alongside it. This was stated in a release provided to Incrypted. 

Activities on the Fhenix testnet for a potential airdrop

14.06.2024

Read now

The network will be built around the CoFHE coprocessor, which uses fully homomorphic encryption (FHE). The technology allows smart contracts to perform computations directly on encrypted data.

As a result, information such as balances, stakes, and user positions can remain confidential, while smart contracts continue to execute the logic embedded in them.

Fhenix founder Guy Zyskind noted that the mainnet launch will allow users to switch tokens from public mode to private mode without leaving the Ethereum ecosystem.

At the same time, the project will introduce the Dual-Mode Token Standard. It enables switching between public and private balances within a single transaction, without using bridges, wrapping assets, or moving to another network.

The token remains compatible with existing wallets and DeFi protocols.

The mainnet launch continues Fhenix’s expansion of its FHE infrastructure. In July 2026, the company acquired the Sunscreen team, which was also developing fully homomorphic encryption for Web3.

In addition, Fhenix announced upcoming CoFHE integrations with Canopy, Sedona, and Nomyx. By the end of the year, the team expects to deliver five more proof-of-concept projects and tier-one partnerships.

Ahead of the mainnet launch, Fhenix’s user-facing FHE Liar’s Dice game recorded more than 8 million encryption and decryption operations in a single day on the testnet.

The five applications that will launch alongside the mainnet were selected from roughly 60 projects. In the selection process, the team considered product demand, dApp quality, and how materially privacy impacts its functionality.

Some of these projects were incubated by Fhenix itself, while others emerged through the Akindo and Arbitrum Open House programs. Some teams have been working with the project for nearly a year.

“We chose partners whose products, by definition, cannot exist without privacy. Mainnet is the moment when they stop being demos,” said Fhenix CEO Guy Itzhaki.

The deployment on Ethereum is tied to Fhenix’s strategy to bring encrypted computing to the ecosystem. The integration with Arbitrum is a continuation of the project’s collaboration with Offchain.

The companies are also working on Fhenix’s first product in the private payments space. Its launch is planned shortly after mainnet goes live, with Arbitrum set to play an important role in how it operates.

Fhenix is building privacy-preserving computing infrastructure for Ethereum. The project raised $22 million from investors including Multicoin Capital, Hack VC, Collider, HashKey Capital, GSR, Amber Group, BIPROGY, and Translink Capital.

Сообщение Fhenix Will Launch Its Mainnet With Support for Confidential Tokens on October 21 появились сначала на INCRYPTED.