- Google Cloud and MoneyGram joined Midnight as founding node operators before its March 2026 mainnet launch.
- The network uses Zero-Knowledge Proofs for selective disclosure – proving compliance without exposing user data.
- The initial 10-node federated model prioritizes stability over immediate decentralization.
- Big-name participation is seen as a strong signal for institutional adoption.
This change shows a new direction in privacy technology, which experts are calling “rational privacy.” It combines advanced Zero-Knowledge Proof technology with reliable business systems. Unlike systems that offer complete anonymity, Midnight is built to let companies selectively share information. This allows them to prove they’re following the rules without revealing private customer details publicly.
Core Roles in the Federated Phase
Google Cloud will be a vital partner, providing the underlying infrastructure and security for the network. They’re running a validator node and using their Confidential Computing technology to enhance data protection. Additionally, Google’s cybersecurity experts at Mandiant will closely monitor for threats as the network launches.
MoneyGram has extensive experience in global payments, operating in over 200 countries. They are now investigating ways to use existing payment systems with blockchain technology, ensuring transactions remain private but can be verified to meet regulatory requirements.
Other initial node operators include:
- eToro, contributing retail brokerage expertise and access to more than 35 million users.
- Pairpoint, a Vodafone and Sumitomo-backed venture focused on IoT infrastructure and autonomous machine-to-machine commerce.
- Blockdaemon, an institutional-grade validator securing over $110 billion in digital assets.
Midnight will launch with 10 starting points, carefully managed to ensure a smooth and reliable beginning.
A Strategic Shift in Privacy Architecture
Analysts see this new partnership as a significant shift away from typical “privacy coins” which prioritize complete anonymity. Midnight, however, is built on the idea of selective transparency, making it a much better fit for banks and other regulated financial companies.
Big companies like Google and Vodafone, plus platforms such as eToro, are participating, which many see as a positive sign that businesses will start using the technology. Experts believe this collaboration will encourage larger investors to get involved once the network is fully operational.
According to Fahmi Syed, head of the Midnight Foundation, making sure things work smoothly from the very beginning is just as important as the technical design itself. Their choice to use dependable, constantly-running systems when launching shows this commitment.
What Comes Next
The launch of the Kūkolu mainnet in late March 2026 will be the first major test of its system. If Midnight’s privacy features work well in a live environment, it could make the network a good link between traditional financial systems and public blockchains, while also meeting regulatory requirements.
As a researcher in this space, I’m seeing that institutions are really starting to focus on navigating increasingly strict regulations around the world. This is leading to a growing interest in hybrid blockchain systems – those that combine the benefits of both public and private blockchains. These systems seem poised to become the standard for future blockchain adoption, as they offer a way to balance data privacy with the need to stay compliant.
This article is for informational purposes only and shouldn’t be taken as financial, investment, or trading advice. Coindoo.com doesn’t support or suggest any particular investment or cryptocurrency. Before making any investment choices, be sure to do your own research and talk to a qualified financial advisor.
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2026-02-28 20:52