Three former Ethereum Foundation researchers have launched EthSystems, a for-profit company building confidential systems for institutional Ethereum. The founding team spent the past year at the EF as the Institutional Privacy Task Force, communicating with central banks, regulators, tier-one banks, and asset managers while shipping open source privacy infrastructure.

They note that institutions want to run real flows on Ethereum, stablecoins, tokenized assets, settlement, but no bank will operate on public blockchains that expose every transaction by default. EthSystems is building confidentiality on Ethereum, including design, technical PoCs, consulting, workshops, architecture reviews, and production system integration for institutions.

The team's proof of work from the past year includes private bond PoCs using ZKPs, FHE, and privacy L2s; compliance-first shielded pool designs for stablecoin transfers; private cross-chain atomic swaps. Backers include Bitmine, Sharplink, Joseph Lubin, and SNZ Holding.

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