Eldora Join Midnight’s Night Sky Accelerator

The Midnight Foundation announce say dem select Eldora for the first Night Sky Accelerator cohort for Midnight Cafe during TOKEN2049 for Singapore. The project dey build private investment tools for family offices, wey dey manage the wealth of rich families.

Eldora Enter Night Sky With Early Users

Eldora don already open to retail users by the time wey dem show the presentation. Founder and CEO Theophane Rame report say four family offices from the team existing network dey use the platform every day and dey help refine am.

Night Sky combine direct investment inside teams with fundraising support and help to integrate Midnight technology. The foundation dey run the accelerator through their own technical and business teams. Dem no disclose the financial terms for Eldora participation.

Private Investment Mandates on Midnight

Eldora wan bring market research, portfolio management, and trading come one platform. Rame describe the wahala of how person go allocate capital across cryptocurrencies, tokenized stocks, and other real-world assets when investments scatter across different services and blockchain networks.

Dem present the platform as one layer wey sit on top existing brokerage services, with revenue from asset management fees. Privacy go protect information wey fit reveal investor holdings, allocation changes, and trading strategy.

Midnight, one privacy-focused blockchain inside the wider Cardano ecosystem, dey allow applications to verify information and enforce rules while dem keep sensitive data private. Eldora intend to use those capabilities for investment instructions and portfolio records.

One application wey dem plan be dollar-cost averaging, or regular purchases of a fixed amount. Client go sign investment mandate wey authorize financial adviser, and the instructions wey go follow go execute while dem still dey protect sensitive information about the arrangement.

Pogun and Passport Proposals Address Yield and Identity

Rame take im own family office illustrate the privacy problem. Dem hold Bitcoin (BTC) but dem no dey use that position to generate yield because dem wan keep their financial activity private.

Hoskinson propose make dem connect Eldora with Pogun, one team wey dey develop Bitcoin DeFi. E outline one lending model wey BTC holdings go support borrowing inside one private stablecoin, wey dem fit then deploy into DeFi. The proposed use of Midnight go protect information about the family office holdings and how dem dey use am.

Eldora fit provide the management interface for that process. Hoskinson suggest make dem continue discussion about combined offering, with the connection presented as possible collaboration.

E still recommend make Eldora work with the Midnight Passport team on identity verification. The discussion cover attempts to impersonate financial clients using AI-generated voices and videos. Rame note say Eldora currently dey rely on one centralized identity verification provider.

Pogun and Passport integrations still be proposals. Eldora talk say their development target na dedicated family office platform for January, when the team plan to begin onboarding users to that offering.