Daily Market Updates: Ethereum privacy team spins out EthSystems to serve institutions

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Ethereum privacy team spins out EthSystems to serve institutions

EthSystems plans to build Ethereum-related technology and offer consulting aimed at helping institutions operate on the network while maintaining confidentiality.

Reported · Written up by our desk · Market Structure

The Block reports that members of the Ethereum Foundation privacy team have spun out a for-profit startup, EthSystems.

The company is described as focused on providing technology and consulting for institutions that want to operate on Ethereum while keeping sensitive activity confidential.

According to the report, EthSystems is backed by Lubin and Bitmine as it looks to build its services around privacy-oriented use cases for the institutional market.

Latest closeEthereum $1,870.93 ▲5.5%

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The BlockEthereum Foundation privacy team spins out as for-profit EthSystems to serve institutions with Lubin, Bitmine backing

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Ethereum privacy team spins out EthSystems to serve institutions

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