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EthSystems Launches to Build Privacy Solutions for Institutions on Ethereum

The company launched with anchor funding and a year of open-source work to help banks and asset managers use Ethereum without exposing sensitive data.

  • On Tuesday, July 14, 2026, engineering and research firm EthSystems announced its public launch, backed by anchor funding from Bitmine Immersion Technologies, Inc., Sharplink, Inc., and Joe Lubin.
  • Founders Mo Jalil, Oskar Thorén, and Aaryamann Challani previously led the Ethereum Foundation's Institutional Privacy Task Force, establishing the technical foundation for the company's open-source research.
  • Mo Jalil, Co-founder and Chief Executive Officer, described the technology as "the difference between Ethereum holding billions today and running trillions tomorrow," enabling secure institutional transactions.
  • Recently spun out of the Ethereum Foundation alongside Ethlabs and Ethereum Institutional, EthSystems operates at the applied technical layer translating institutional requirements into production systems.
  • Consensys CEO Joe Lubin committed to collaborating with the team to integrate privacy constructs for major financial institutions, aiming to support the next $100 trillion of assets migrating on-chain.
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Block Telegraph broke the news in New York, United States on Tuesday, July 14, 2026.
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