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The Midnight Basis, 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 sensible 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 guaranteeing safe, compliant onboarding for enterprises.
As a part of the collaboration, Fireblocks will help institutional custody of $NIGHT, the utility token of the Midnight community which is launching as a Cardano Native Asset. This may allow Fireblocks shoppers 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 honest and clear as attainable. The primary part permits customers who maintain eligible tokens on one among eight main blockchains (together with Cardano, Ethereum, and Bitcoin) to say $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 shoppers 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 sensible contracts to stay personal, but auditable. This structure empowers builders to construct hybrid decentralized purposes (dApps) the place customers can management precisely what knowledge is shared, with whom, and beneath 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 perfect associate to assist ship rational privateness at scale.”
About Midnight Basis
The Midnight Basis is a company devoted to advancing the event, adoption, and real-world affect of the Midnight community, the privacy-enhancing blockchain mission developed along side Shielded Applied sciences. Designed for privacy-enabling sensible contracts, Midnight encourages builders to contemplate the facility 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.
Be taught extra at https://midnight.basis
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