The Midnight Foundation, a corporation devoted to advancing the Midnight community, a privacy-focused blockchain, has introduced a strategic integration with Fireblocks, an enterprise platform for safe digital asset custody, settlement, buying and selling operations, and stablecoin funds.
- Fireblocks to supply institutional custody for $NIGHT token, which powers transactions and good contracts on Midnight—a privacy-first blockchain.
- Integration helps $NIGHT claiming throughout Glacier Drop, a radically honest, multi-phase token distribution to customers throughout eight main blockchain ecosystems.
- Integration advances institutional entry to privacy-enabled Web3 infrastructure whereas making certain safe, compliant onboarding for enterprises.
As a part of the collaboration, Fireblocks will assist institutional custody of $NIGHT, the utility token of the Midnight community which is launching as a Cardano Native Asset. This may allow Fireblocks purchasers to securely declare, retailer, and work together with $NIGHT tokens as a part of Glacier Drop, Midnight’s multi-phase airdrop designed to distribute 100% of the token provide to individuals throughout eight main blockchain ecosystems.
Glacier Drop goals to make token distribution as honest and clear as doable. The primary part permits customers who maintain eligible tokens on considered one of eight main blockchains (together with Cardano, Ethereum, and Bitcoin) to say $NIGHT tokens. Future phases will open the door to wider participation and group engagement, whereas built-in protections assist stop abuse and guarantee long-term alignment with the community’s objectives. Fireblocks will assist institutional purchasers securely declare and handle their tokens, making it simpler for them to take part within the Midnight ecosystem.
“Supporting the Glacier Drop aligns with our mission to allow safe institutional participation in rising blockchain ecosystems,” mentioned Ezra Solomon, Senior Supervisor of Company Technique at Fireblocks. “We consider in Midnight’s imaginative and prescient and are proud to align on enabling a safer and privacy-preserving future for blockchain.”
Midnight is a privacy-first blockchain that leverages zero-knowledge proofs to allow selective disclosure, permitting transactions and good contracts to stay non-public, but auditable. This structure empowers builders to construct hybrid decentralized functions (dApps) the place customers can management precisely what information is shared, with whom, and underneath what circumstances—supporting each regulatory compliance and particular person privateness.
By combining trusted custody with this privacy-first infrastructure, this partnership strengthens the bridge between conventional finance and decentralised innovation. As extra institutional gamers acquire safe entry to instruments like Midnight, the trail to mainstream digital asset adoption turns into clearer, rooted in compliance, transparency, and significant real-world utility.
“This collaboration marks a significant step ahead in scaling institutional entry to privacy-preserving infrastructure,” mentioned Fahmi Syed, President of the Midnight Basis. “Fireblocks’ world popularity, technical capabilities, and trusted custody infrastructure make them a really perfect associate to assist ship rational privateness at scale.”
About Midnight Basis
The Midnight Basis is a corporation devoted to advancing the event, adoption, and real-world impression of the Midnight community, the privacy-enhancing blockchain challenge developed at the side of Shielded Applied sciences. Designed for privacy-enabling good contracts, Midnight encourages builders to think about the ability of constructing compliant functions with selective disclosures. It leverages zero-knowledge proofs and a cooperative tokenomics structure—with $NIGHT because the utility token and DUST because the utility useful resource—to ship a strong mixture of rational privateness, safety, and decentralization.
Study extra at https://midnight.foundation
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