Ethereum Foundation privacy team spins out as for-profit EthSystems to serve institutions with Lubin, Bitmine backing
The Block·
60-second summary
The Ethereum Foundation's privacy team is spinning out as the for-profit startup EthSystems, backed by notable investors Lubin and Bitmine, to serve institutions seeking confidential Ethereum operations. EthSystems will develop technology and offer consulting services to help institutions maintain confidentiality while leveraging Ethereum's decentralized network, expanding institutional adoption of the blockchain.
The startup will build tech and provide consulting to help institutions operate on Ethereum while maintaining confidentiality.