Midnight Network Mainnet Launch Targets Privacy for Real-World Finance

On March 30, 2026, the Midnight network reached its genesis block and began operating as a privacy-focused blockchain built under Input Output and associated with founder Charles Hoskinson. Monument Bank said it plans to tokenize up to £250 million (roughly $335 million) of retail deposits on Midnight, while the network debuts with federated node operators including Google Cloud, MoneyGram, and Worldpay. NIGHT was reported trading down over 90% from its post-launch high of about $0.45 reached shortly after its September 2025 debut.