TechFlow news, July 14, according to GlobeNewswire, EthSystems announced its official launch. The company was founded by the original team of the Ethereum Foundation's "Institutional Privacy Working Group" and has received support from Bitmine, Sharplink, Joe Lubin, and others.
EthSystems primarily develops Ethereum-based privacy and compliance technology for regulated entities such as banks and asset management institutions, aiming to support institutions in conducting on-chain financial activities without disclosing sensitive information such as transaction details and client identities. The company stated that it has completed one year of open-source R&D work ahead of schedule and has established cooperative connections with central banks, regulatory agencies, and Tier-1 financial institutions.
