Midnight Network Gains Institutional Custody Boost as Balance Prepares for Mainnet Launch
As the launch of its mainnet approaches, privacy-focused blockchain project Midnight Network has secured early institutional infrastructure support. Digital asset custodian Balance announced it is ready to provide custody services for the network’s native asset, NIGHT, marking a significant step toward broader institutional participation.
According to the announcement, Balance becomes the first digital asset custodian prepared to support NIGHT ahead of Midnight’s mainnet rollout. The collaboration follows several earlier milestones in the ecosystem, including the network’s Glacier Drop distribution event and early preparations for secure asset storage.
Custody providers play a critical role in the crypto industry by safeguarding digital assets for institutions such as funds, exchanges, and large investors. By integrating custody infrastructure before the network goes live, Midnight aims to ensure that institutional participants can safely hold and manage NIGHT tokens from the start.
The move signals growing momentum around Midnight’s ecosystem as it transitions toward full network deployment. With custody support already in place, the project is positioning itself to attract institutional users seeking secure infrastructure once the mainnet officially launches.
