In the field of Crypto Assets, privacy and data security have always been core concerns. Recently, a groundbreaking technology—fully homomorphic encryption (FHE) is attracting widespread attention. This technology allows users to fully participate in various encryption ecosystems without exposing personal data.

This seemingly sci-fi concept is becoming a reality. After a long silence in the field of privacy computing, the development of fully homomorphic encryption technology has injected new vitality into the entire Crypto Assets market. A company focused on FHE technology performed particularly well in 2025, with significant progress over several months attracting industry attention.

The company secured $57 million in Series B financing in June, officially launched the public testnet in July, and reached a strategic partnership with important collaborators in August, showcasing its strong ability to rapidly transform academic theories into practical encryption infrastructure.

Tracing the development history of this company, we can see that it was established a few years ago and has been dedicated to developing FHE tools for the Crypto Assets and artificial intelligence fields. The core advantage of FHE technology lies in its ability to process data in an encrypted state, allowing for computation without the need for decryption. This characteristic has far-reaching significance in practical applications.

For example, in the lending scenario of decentralized finance (DeFi), FHE allows the system to calculate the value of users' collateral without disclosing the specific amount. In the voting process of decentralized autonomous organizations (DAO), FHE can ensure the confidentiality of the ballot content while guaranteeing that the results are publicly verifiable.

Although fully homomorphic encryption is not a brand new concept, the development of open-source libraries such as TFHE-rs and Concrete ML has made FHE technology more user-friendly and efficient. Compared to other privacy protection solutions like zero-knowledge proofs (ZK), FHE may have advantages in certain application scenarios.

As the FHE technology continues to mature and its application scope expands, we have reason to expect that in the near future, the crypto world will usher in a new era that is more secure, private, and efficient. This technology will not only change the way we participate in the crypto assets economy but may also bring revolutionary solutions for data privacy protection.