BlockBeats message: On July 14, according to a report by GlobeNewswire, EthSystems announced its official formation. The company was founded by the original team from the Ethereum Foundation’s “Institutional Privacy Working Group,” with support from Bitmine, Sharplink, Joe Lubin, and others.
EthSystems primarily develops privacy and compliance technologies based on Ethereum for regulated entities such as banks and asset management institutions. The goal is to help institutions carry out on-chain financial activities without disclosing sensitive information such as transaction details and customer identities. The company said it had completed one year of open-source R&D in advance and has already established collaboration with central banks, regulatory authorities, and leading financial institutions.
EthSystems primarily develops privacy and compliance technologies based on Ethereum for regulated entities such as banks and asset management institutions. The goal is to help institutions carry out on-chain financial activities without disclosing sensitive information such as transaction details and customer identities. The company said it had completed one year of open-source R&D in advance and has already established collaboration with central banks, regulatory authorities, and leading financial institutions.