Fhenix Adds Encrypted Computing for Smart Contracts on EVM Chains
Fhenix is positioning its CoFHE coprocessor as a way for existing EVM smart contracts to operate on encrypted data without requiring users to move chains.
Fhenix is positioning its CoFHE coprocessor as a way for existing EVM smart contracts to operate on encrypted data without requiring users to move chains. This is an original Token Times brief based on reporting by Brave New Coin, with live market data added, as of Mon, 09 Nov 2026 07:00:01 UTC.
The approach could extend privacy-focused computation to applications already deployed on EVM networks, reducing the need for a separate blockchain or user migration.
- Fhenix's CoFHE coprocessor targets smart contracts on existing EVM chains
- Users would not need to move to a new chain to access the capability
- CEO Guy Itzhaki previously led Intel's FHE and blockchain initiatives
- Total crypto market cap stands at $2.56T as sentiment remains fearful
Brave New Coin reports that Fhenix, a fully homomorphic encryption company, has developed a CoFHE coprocessor for encrypted smart-contract computation. The product is designed to let applications on existing EVM chains calculate over encrypted data, with users avoiding the need to transfer activity to a different blockchain. The company's chief executive, Guy Itzhaki, has a background spanning Intel's trusted execution environments and its FHE and blockchain work. According to Brave New Coin, he helped bring Intel's SGX and TDX offerings to market, later led the chipmaker's FHE and blockchain initiatives, and also worked as a technology adviser for the Tokyo and Paris Olympic Games. Itzhaki joined founder Guy Zyskind to launch Fhenix three years ago. That company history places the CoFHE initiative within a longer effort to develop tools that preserve data confidentiality while supporting computation, rather than requiring developers to change networks or users to relocate their activity.
The supplied market snapshot shows total crypto market capitalization at $2.56T, with the broader market broadly lower. 
Bitcoin is down 1.57% over 24 hours, while the Fear & Greed index stands at 29, classifying sentiment as Fear. No specific Fhenix-linked token is named in the provided market data.
The significance of the CoFHE approach lies in its compatibility with existing EVM applications: privacy-preserving computation is positioned as an added capability rather than a separate-chain requirement. The next points to watch are adoption of the coprocessor by applications and the extent to which developers use it to build confidential smart-contract services on current networks.
Fhenix Adds Encrypted Computing for Smart Contracts on EVM C — questions & answers
What does Fhenix's CoFHE coprocessor enable?
It allows smart contracts on existing EVM chains to compute over encrypted data without users moving to a new chain.
Who leads Fhenix?
Guy Itzhaki is Fhenix's CEO. He previously led Intel's FHE and blockchain initiatives and helped bring its SGX and TDX trusted execution environments to market.
How is the crypto market performing in the supplied snapshot?
Total crypto market capitalization is $2.56T, Bitcoin is down 1.57% over 24 hours, and the Fear & Greed index is 29, indicating Fear.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Brave New Coin. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.