The Midnight Foundation, a company 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 provide institutional custody for $NIGHT token, which powers transactions and sensible contracts on Midnight—a privacy-first blockchain.
- Integration helps $NIGHT claiming throughout Glacier Drop, a radically truthful, 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 will 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 members throughout eight main blockchain ecosystems.
Glacier Drop goals to make token distribution as truthful and clear as potential. The first section permits customers who maintain eligible tokens on one in all eight main blockchains (together with Cardano, Ethereum, and Bitcoin) to declare $NIGHT tokens. Future phases will open the door to wider participation and neighborhood engagement, whereas built-in protections assist forestall abuse and guarantee long-term alignment with the community’s targets. 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 enable secure institutional participation in emerging blockchain ecosystems,” stated Ezra Solomon, Senior Manager of Corporate Strategy at Fireblocks. “We believe in Midnight’s vision and are proud to align on enabling a more secure and privacy-preserving future for blockchain.”
Midnight is a privacy-first blockchain that leverages zero-knowledge proofs to allow selective disclosure, permitting transactions and sensible contracts to stay non-public, but auditable. This structure empowers builders to construct hybrid decentralized purposes (dApps) the place customers can management precisely what information is shared, with whom, and beneath what situations—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 achieve 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 major step forward in scaling institutional access to privacy-preserving infrastructure,” stated Fahmi Syed, President of the Midnight Foundation. “Fireblocks’ global reputation, technical capabilities, and trusted custody infrastructure make them an ideal partner to help deliver rational privacy at scale.”
About Midnight Foundation
The Midnight Foundation is a corporation devoted to advancing the event, adoption, and real-world impression of the Midnight community, the privacy-enhancing blockchain venture developed in conjunction with Shielded Technologies. Designed for privacy-enabling sensible contracts, Midnight encourages builders to contemplate the ability of constructing compliant purposes 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 robust mixture of rational privateness, safety, and decentralization.
Learn extra at https://midnight.foundation
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