Wu Dao learned that institutional Ethereum privacy technology company EthSystems has announced its official launch, backed by initial funding from listed Ethereum treasury company BitMine, SharpLink, and Ethereum co-founder and Consensys founder Joseph Lubin. EthSystems was founded by a team from the Ethereum Foundation’s former institutional privacy working group, and will develop privacy and compliance systems for regulated institutions such as banks and asset management firms, enabling them to conduct transactions on the Ethereum network while protecting sensitive information such as transaction details and customer identities.