Latham & Watkins Advised Midnight Foundation on NIGHT Token Distribution

Latham & Watkins Advised Midnight Foundation on NIGHT Token Distribution

Latham & Watkins has advised the Midnight Foundation, an organization dedicated to 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 & Watkins team was led by London Tom Bartlett (Partner), and Stuart Davis (Partner), and Hong Kong Sam Maxson (Associate). Adviced was provided on commercial contracts and data privacy matters by London Christian McDermott (Partner), with Komal Shemar (Associate), on finance matters by London Samuel Burleton (Associate), and Tom Glynne-Jones (Associate), on benefits matters by Silicon Valley Ashley Wagner (Partner), and on tax matters by New York Elena Romanova (Partner), and London Karl Mah (Partner), with London Ruby Wong (Associate).

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