Woofun AI reports that EthSystems has officially launched with strategic funding from Bitmine, Sharplink Gaming, and Joe Lubin. The firm develops privacy technologies for banks and asset managers to conduct large-scale transactions on Ethereum while protecting sensitive data. Founded by members of the Ethereum Foundation’s Institutional Privacy Task Force, the team spent a year on open-source development and partnered with central banks and regulators. EthSystems aims to create a selectively discloseable privacy framework that ensures compliance and trade secret protection without compromising Ethereum’s decentralization. This initiative complements Ethlabs’ core protocol research and Ethereum Institutional’s partnership efforts, focusing specifically on application-layer privacy protocols.