Latham Advises Midnight Foundation on NIGHT Token Distribution

Latham & Watkins has advised the Midnight Foundation, an organisation dedicated to the advancing the development and adoption of the Midnight network – a privacy-enhancing blockchain empowering organizations to deliver regulation-friendly, data-protecting applications – on the distribution of the NIGHT token, a utility token designed to drive the innovative dual-component tokenomics powering Midnight transactions, incentivize Midnight block production, and enable Midnight community governance and ecosystem development.

Midnight's architecture delivers programmable privacy through zero-knowledge cryptography and NIGHT serves as the economic foundation that grows the network. The NIGHT token has been distributed in a phased approach to progressively decentralize the Midnight governance framework.

The Latham team was led by London partners Tom Bartlett and Stuart Davis and Hong Kong associate Sam Maxson. Advice was provided on commercial contracts and data privacy matters by London partner Christian McDermott, with associate Komal Shemar; on finance matters by London associates Samuel Burleton and Tom Glynne-Jones; on benefits matters by Silicon Valley partner Ashley Wagner; and on tax matters by New York partner Elena Romanova and London partner Karl Mah, with London associate Ruby Wong.