- Cardano’s new blockchain framework targets regulated asset integration.
- Midnight aims to unify DeFi and TradFi using PET.
- Potential $10 trillion market with hybrid asset applications.
Charles Hoskinson, founder of Cardano, announced the integration of Midnight’s privacy technology to unify regulated and non-regulated assets in the blockchain framework, emphasizing its potential for future blockchain evolution.
Hoskinson’s announcement could significantly impact blockchain ecosystems and asset management, potentially transforming how decentralized finance functions with a projected $10 trillion market expansion.
Charles Hoskinson, founder of Cardano, has introduced concepts termed the “fourth generation” of blockchain. He highlights the integration of smart compliance, DAOs, and chain abstraction. Midnight, a privacy-focused sidechain, plays a central role in this advancement.
The initiative involves Charles Hoskinson spearheading development, introducing the Manhattan Project as a reference.
“Midnight is going to be the Manhattan Project of PET, Chain Abstraction, and Smart Compliance.” – Charles Hoskinson, Founder and CEO, Input Output Global (IOG)
The framework intends to enable both regulated and non-regulated financial assets to operate on common infrastructure, optimizing for a seamless on-chain involvement.
The immediate effects see a notable increase in $NIGHT’s market performance, witnessing a 19.57% price rise. As Midnight extends to ETH, BTC, and SOL, it introduces PET for cross-chain operations, broadening the project’s market potential.
This development prompts financial and market impacts, as Hoskinson predicts a significant expansion in total addressable market to approximately $10 trillion dollars. It emphasizes the integration of smart compliance to allure institutions previously deterred by privacy-centric solutions. TradingView Official Profile
The newly proposed framework indicates a transition towards hybrid asset applications, potentially rendering DeFi and TradFi distinctions obsolete. The consolidation around a unified financial system is projected by 2026.
Historical trends suggest a gradual movement toward such integrations, aligning with regulatory efforts and privacy concerns post-FTX and Terra collapses. The advancements stand to reshape blockchain landscapes, expanding user and asset bases significantly. Yellow Media HQ
