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EthSystems Launches Privacy Tech for Banks
Former Ethereum Foundation Institutional Privacy Task Force members launched EthSystems, a for-profit startup building privacy infrastructure for banks on Ethereum. The spinout joins EthLabs and Ethereum Institutional amid organizational changes. EthSystems plans to commercialize confidential stablecoin transfers, private bond issuance, and cross-chain settlement systems. Investors include BitMine, SharpLink, Ethereum co-founder Joseph Lubin, and SNZ.
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