EthSystems, an institutional-grade Ethereum privacy technology company, announced its official launch with initial funding support from Ethereum treasury-listed firms BitMine and SharpLink, SNZ Holding, as well as Joseph Lubin, co-founder of Ethereum and founder of Consensys. Founded by the original Institutional Privacy Working Group team from the Ethereum Foundation, EthSystems develops privacy and compliance systems for regulated entities including banks and asset managers, enabling them to conduct transactions on Ethereum while safeguarding sensitive data such as transaction details and client identities.