Wu Blockchain learned that the institutional Ethereum privacy technology company EthSystems has officially announced its launch and received initial funding support from listed Ethereum treasury company BitMine, SharpLink, SNZ Holding, as well as Ethereum co-founder and Consensys founder Joseph Lubin. EthSystems was founded by the former institutional privacy working group team of the Ethereum Foundation. It 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.

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