Woofun AI reports that EthSystems has officially launched, established by the original team behind the Ethereum Foundation's "Institutional Privacy Working Group". The firm secures support from Bitmine, Sharplink, and Joe Lubin.

The company develops Ethereum-based privacy and compliance technology for banks and asset management firms, enabling on-chain activities without exposing sensitive data. EthSystems claims to have completed one year of open-source development and formed partnerships with central banks, regulators, and top financial institutions.