Cardano founder Charles Hoskinson announced that the Midnight sidechain now facilitates native securities trading on a blockchain. Midnight employs zero-knowledge proofs to address privacy and selective disclosure, crucial in the ongoing securities versus commodities debate. This development aims to ensure regulatory compliance and privacy in jurisdictions that support algorithmic law. The Midnight sidechain's native token, NIGHT, has seen a 22% increase over the past week, reaching a 24-hour trading volume of $1.56 billion, ranking it 10th among cryptocurrencies. This surge reflects the growing interest in risk-on assets as blockchain adoption continues to expand.