Defence Finance Monitor

Defence Finance Monitor

Belfort Labs: Strategic Analysis of Fully Homomorphic Encryption (FHE)

Strategic audit of Belfort Labs’ FHE hardware accelerator. Evaluating its role in NATO DIANA, secure data processing, and European strategic autonomy.

Jan 04, 2026
∙ Paid

Belfort Labs is a Belgian deep-tech startup spun out of KU Leuven’s renowned COSIC cryptography lab[1][2]. It has developed a novel hardware accelerator that can process data entirely in encrypted form – the world’s first purpose-built chip for fully homomorphic encryption[2][1]. This capability allows organisations to run analytics or machine learning …

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