LONDON, August 13, 2025 – The Midnight Foundation, the organisation driving the development of the Midnight privacy-focused blockchain, has announced a strategic integration with Fireblocks to provide institutional custody for its $NIGHT token.
The collaboration will allow Fireblocks’ institutional clients to securely claim, store, and interact with $NIGHT, the utility token underpinning transactions and smart contracts on the Midnight network. The move comes ahead of the network’s Glacier Drop — a multi-phase token distribution aimed at spreading 100% of the token supply across participants from eight major blockchain ecosystems, including Cardano, Ethereum, and Bitcoin.
Designed to ensure fairness and transparency, the first phase of Glacier Drop enables eligible token holders from the supported chains to claim $NIGHT tokens. Future phases will widen access and encourage broader community participation. Fireblocks’ integration will facilitate secure and compliant token claiming for institutions, lowering barriers to engagement in the Midnight ecosystem.
Ezra Solomon, Senior Manager of Corporate Strategy at Fireblocks, said the initiative aligned with the company’s mission to enable secure institutional participation in emerging blockchain networks.
“We believe in Midnight’s vision and are proud to align on enabling a more secure and privacy-preserving future for blockchain,” Solomon said.
Midnight’s blockchain uses zero-knowledge proofs to enable selective disclosure, giving users and developers the ability to maintain transaction privacy while allowing audits when required. This architecture supports the creation of hybrid decentralised applications (dApps) where data sharing is strictly controlled to meet both privacy demands and regulatory requirements.
By combining institutional-grade custody with Midnight’s privacy-enabled infrastructure, the partnership is expected to strengthen links between traditional finance and decentralised innovation, paving the way for greater mainstream adoption of digital assets.
Fahmi Syed, President of the Midnight Foundation, described the partnership as a milestone in scaling institutional access to privacy-preserving blockchain infrastructure.
“Fireblocks’ global reputation, technical capabilities, and trusted custody infrastructure make them an ideal partner to help deliver rational privacy at scale,” Syed said.