Cardano founder Charles Hoskinson stated that the privacy chain project Midnight has finalized a partnership in Japan, with more details to be announced later. Following the announcement, market attention has refocused on Cardano's expansion pace in the Japanese market.
Midnight has finalized its partnership in Japan.
In his recent travel update, Hoskinson said that this trip to Japan primarily involved meetings with large enterprises to introduce Midnight’s positioning and application directions. He noted that companies evaluating blockchain solutions are increasingly prioritizing privacy capabilities.
He also revealed that the team has finalized an arrangement for Midnight in Japan, linking the collaboration to NIGHT token liquidity in the country. However, he did not disclose the partner’s name, stating that more details will be revealed later.
Payment partnerships are being advanced in parallel.
Meanwhile, Cardano’s business entity EMURGO announced a partnership with Japanese fintech company Slash Vision Labs and a collaboration agreement with the crypto platform SecondFi.
As disclosed, Japanese users will soon be able to apply for the Cardano Card and use stablecoins for payments within Japan’s payment network, covering common QR code payment scenarios in everyday shopping.
The market presence in Japan continues to deepen.
Japan has long been one of Cardano’s core markets, with a large ADA user base and a relatively clear regulatory environment. With the announcement of the Midnight partnership and the advancement of the Cardano Card, Cardano is further deepening its presence in the region.
The original text also mentions that if these partnerships bring more users and on-chain activity, they could help increase demand for ADA. Regarding price trends, the article only cites analysts' opinions without providing additional supporting data.