Midnight Foundation Collaborates with Fireblocks to Expand Institutional Access to Web3

The Midnight Foundation, an organization dedicated to advancing the Midnight network, a privacy-focused blockchain, has announced a strategic integration with Fireblocks, an enterprise platform for secure digital asset custody, settlement, trading operations, and stablecoin payments.

As part of the collaboration, Fireblocks will support institutional custody of $NIGHT, the utility token of the Midnight network which is launching as a Cardano Native Asset. This will enable Fireblocks clients to securely claim, store, and interact with $NIGHT tokens as part of Glacier Drop, Midnight’s multi-phase airdrop designed to distribute 100% of the token supply to participants across eight leading blockchain ecosystems.

Glacier Drop aims to make token distribution as fair and transparent as possible. The first phase allows users who hold eligible tokens on one of eight major blockchains (including Cardano, Ethereum, and Bitcoin) to claim $NIGHT tokens. Future phases will open the door to wider participation and community engagement, while built-in protections help prevent abuse and ensure long-term alignment with the network’s goals. Fireblocks will help institutional clients securely claim and manage their tokens, making it easier for them to participate in the Midnight ecosystem.

“Supporting the Glacier Drop aligns with our mission to enable secure institutional participation in emerging blockchain ecosystems,” said 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 enable selective disclosure, allowing transactions and smart contracts to remain private, yet auditable. This architecture empowers developers to build hybrid decentralized applications (dApps) where users can control exactly what data is shared, with whom, and under what conditions—supporting both regulatory compliance and individual privacy.

By combining trusted custody with this privacy-first infrastructure, this partnership strengthens the bridge between traditional finance and decentralised innovation. As more institutional players gain secure access to tools like Midnight, the path to mainstream digital asset adoption becomes clearer, rooted in compliance, transparency, and meaningful real-world utility.

“This collaboration marks a major step forward in scaling institutional access to privacy-preserving infrastructure,” said 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.”