Ethereum Foundation Spinout EthSystems Aims to Bring Blockchain Privacy to Banks

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EthSystems, a new company spun out from the Ethereum Foundation, is targeting banks with blockchain-based privacy technology. The launch comes during a significant period of organizational restructuring at the Ethereum Foundation, described as one of its largest shakeups in years. EthSystems appears to be positioning itself to serve institutional financial clients seeking privacy-focused blockchain solutions. The spinout signals a strategic move to commercialize Ethereum-related technology within the traditional banking sector.

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