📁 Source: Midnight-dApps/confidential-dividend

A public corporate cap table is the unsolved scandal of on-chain finance. Every public company in the world reports aggregate shareholdings in 10-Q filings, but anyone who issues equity on a transparent blockchain effectively publishes positions of every holder, every insider, every family office — addressable by wallet ID forever. Half of corporate America walks away the moment you mention "on-chain."

Midnight gives you a way out. This dApp shows it.

A corporate issuer registers shareholders, tops up a dividend pool each quarter, and declares the per-share rate. Holders prove eligibility and claim with zero-knowledge proofs. Nullifiers enforce one-claim-per-cycle. Auditors and regulators see the totals; nobody sees the cap table.

The contract is ~120 lines of Compact. The frontend is one role-aware React app with three roles wired in (issuer, shareholder, observer).…