EthSystems launches privacy layer for institutional Ethereum

A new company focused on enabling confidential financial transactions on the public Ethereum blockchain has launched with backing from major industry players. EthSystems, a for-profit engineering and research firm, was spun out of the Ethereum Foundation by former members of its Institutional Privacy Task Force and announced its public launch on July 14, 2026.

The company aims to build privacy infrastructure that allows banks, asset managers, and other regulated institutions to use Ethereum without exposing sensitive commercial information like trading positions, transaction details, or client identities to the entire network. Its technology is expected to leverage zero-knowledge cryptography, which can verify transactions without revealing underlying data.

EthSystems was founded by Mo Jalil, Oskar Thorén, and Aaryamann Challani, who previously led the Ethereum Foundation's Institutional Privacy Task Force. The launch is supported by anchor funding from cryptocurrency treasury companies Bitmine and SharpLink, as well as Ethereum co-founder and Consensys CEO Joe Lubin.

The company stated its business model will involve bespoke consulting focused on solving technical and compliance...