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

Decrypt·

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

60-second summary

The team behind Ethereum's institutional privacy push is spinning out a for-profit firm, EthSystems, backed by investors like Bitmine and Joe Lubin.

The startup's backers, including Bitmine and Joe Lubin, are betting institutions need a privacy layer before running money on a public chain.