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privacy

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The Ethereum institutional privacy technology company EthSystems has officially been established to create Ethereum privacy solutions for institutions

The Ethereum institutional privacy technology company EthSystems has officially launched and received strategic funding support from ecosystem backers such as Bitmine, Sharplink Gaming, Joe Lubin, and SNZ Holding.EthSystems focuses on developing privacy technologies for banks, asset management companies, and other regulated entities, enabling institutions to execute financial transactions on the Ethereum network at scale while protecting sensitive information such as transaction details and client identities.The company was founded by the core team of the Institutional Privacy Task Force (IPTF) of the Ethereum Foundation. The team has previously conducted a year-long open-source research and development publicly on the EthSystems website and has established partnerships with several central banks, regulatory agencies, large banks, and asset management institutions. EthSystems stated that while institutions have begun exploring stablecoins, tokenized assets, and Ethereum-based settlement solutions, large-scale adoption still faces privacy and compliance challenges.Financial institutions need more than just access to blockchain networks; they require a complete infrastructure that meets business confidentiality protection, regulatory requirements, and compatibility with existing financial systems. The goal is to create a "selective disclosure" privacy architecture that allows transaction participants to view only the information they are authorized to access, while retaining the core advantages of Ethereum's decentralization, security, and openness, and complementing two other organizations: Ethlabs, which focuses on the research and development of Ethereum's core protocol and infrastructure; Ethereum Institutional, responsible for institutional collaboration, education, market research, and ecosystem coordination; and EthSystems, which focuses on application layer technology, transforming institutional needs into practical privacy protocols and financial systems.

Zhao Changpeng: We are no longer operating the trading platform; BNB Chain is developing a new version that is faster, cheaper, and has more privacy controls

Binance founder Zhao Changpeng (CZ) participated in an exclusive interview on the Galaxy Brains podcast with Galaxy Research Director Alex Thorn. CZ stated that he is no longer operating the trading platform, allowing him more time to communicate with developers, and he is excited about some new features of BNB Chain. He mentioned that BNB Chain is developing the next version, which will be faster, cheaper, and include more privacy controls.CZ also advised blockchain developers not to make major upgrades during a bull market, but to push forward significant updates during the quieter times of a bear market. CZ said that he was skeptical about RWA (Real World Assets) about a year to a year and a half ago, uncertain whether the related assets would be traded or could develop. However, the speed of RWA's development surprised him, as stablecoins, oil futures, AI stocks, and others have gained good acceptance in the crypto community. This indicates that many people globally have been looking for access to these assets.Crypto should not be seen as an independent industry, but rather as a new technological tool that makes financial transactions faster, cheaper, and more transparent. He believes that traditional financial institutions can use blockchain, and crypto companies can also provide services similar to traditional finance, such as loans, savings, stock trading, remittances, and payments. In the future, there should not be a clear distinction between traditional finance and crypto, but rather a more globalized, faster, and lower-cost financial industry.
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