Team Behind Ethereum's Institutional Privacy Push Spins Out For-Profit Firm EthSystems

The team behind Ethereum's institutional privacy push has spun out a for-profit firm called EthSystems. The startup's backers, including Bitmine and Joe Lubin, are betting institutions need a privacy layer before running money on a public chain. EthSystems aims to provide that infrastructure, targeting institutional adoption of Ethereum with enhanced privacy features for financial applications.