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CoinWorld news: A former research staff member of the Ethereum Foundation has founded a new company, ETHSystems, aiming to enhance blockchain privacy for commercial banks. The company plans to build infrastructure on the Ethereum network for financial institutions, and claims that over the past year it has developed enterprise-ready privacy technologies, while engaging with regulators, commercial banks, and asset management firms. ETHSystems says it will commercialize work it began within the Ethereum Foundation, including confidential stablecoin transfers, private bond issuance, and cross-chain settlement. The company believes that the lack of confidentiality has hindered commercial banks and asset management firms from putting real-world assets on-chain. Ethereum’s current trading price is $1,935.