The Midnight Foundation, the organization driving the development of the Midnight network—a blockchain focused on privacy—has announced a strategic integration with Fireblocks, an enterprise-grade platform for secure custody, settlement, trading operations, and stablecoin payments. The partnership is aimed at enhancing institutional access to Midnight’s ecosystem while reinforcing the network’s privacy-first infrastructure.
As part of this collaboration, Fireblocks will provide institutional custody services for $NIGHT, the utility token of the Midnight network, which will launch as a Cardano Native Asset. This integration will allow Fireblocks’ clients to securely claim, store, and interact with $NIGHT tokens through the Glacier Drop initiative, Midnight’s multi-phase airdrop program. The distribution is designed to allocate 100% of the $NIGHT supply to participants from eight major blockchain ecosystems.
Glacier Drop has been structured to prioritize fairness and transparency in token distribution. In its first phase, participants holding eligible tokens on blockchains such as Cardano, Ethereum, and Bitcoin will be able to claim their $NIGHT allocation. Subsequent phases will broaden participation, increase community engagement, and incorporate safeguards to prevent misuse while ensuring alignment with the network’s long-term objectives. Fireblocks’ infrastructure will enable institutional clients to securely claim and manage their allocations, lowering the barriers to entry for professional investors seeking exposure to the Midnight ecosystem.
Midnight distinguishes itself through a privacy-first approach built on zero-knowledge proof technology. This enables selective disclosure of transaction details, allowing both transactions and smart contracts to remain private while still being verifiable when needed. Such an architecture supports the development of hybrid decentralized applications in which users retain full control over what information is shared, with whom, and under which circumstances. This balance of confidentiality and auditability is designed to meet the needs of both regulatory compliance and individual privacy rights.
Midnight 🤝 @FireblocksHQ
We are thrilled to welcome Fireblocks to the Midnight community to support institutional custody of NIGHT. This strategic integration will allow Fireblocks customers to securely claim NIGHT tokens during the Glacier Drop phase and enable secure… pic.twitter.com/8DcXqRHXF2
— Midnight (@MidnightNtwrk) August 12, 2025
The integration with Fireblocks is seen as a significant step in bridging the gap between traditional finance and decentralized innovation. By combining institutional-grade custody solutions with Midnight’s privacy-oriented blockchain, the collaboration creates an environment where financial institutions can interact with digital assets in a compliant, transparent, and secure manner. Industry observers suggest that partnerships of this nature play a pivotal role in advancing mainstream digital asset adoption, especially among entities that require robust custodial frameworks.
The Midnight Foundation has indicated that Fireblocks’ global presence, technical capabilities, and established reputation in safeguarding digital assets make it an ideal partner for delivering privacy-preserving infrastructure at scale. Both organizations share a vision of enabling broader institutional participation in the evolving blockchain ecosystem, where privacy, security, and real-world applicability are central to long-term growth.
Through this partnership, the $NIGHT token distribution process will not only reach a diverse set of participants but will also ensure that institutions can confidently engage with the Midnight network. This alignment between a leading custody provider and a privacy-focused blockchain is expected to strengthen trust, facilitate compliance, and drive further innovation in the decentralized finance landscape.
