CoinDesk·3 min read·hard
Ethereum Foundation spinout EthSystems targets banks with blockchain privacy technology
M
Margaux Nijkerk
✦AI Summary
EthSystems, a spinout from the Ethereum Foundation, has launched as a for-profit entity to provide blockchain privacy technology to banks and financial institutions. The move is part of a broader organizational restructuring aimed at supporting institutional adoption of Ethereum.
The startup emerged from the Ethereum Foundation, which spent the past year developing privacy technologies for enterprise use cases while engaging with central banks, regulators, global banks and asset managers.
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