Cardano and Draper Dragon jointly establish an $80-million Orion Fund, focusing on RWA and institutional-grade DeFi

Odaily reported that, according to the Cardano Foundation's official website, Cardano and venture capital firm Draper Dragon have announced the launch of the Orion Fund (Draper Dragon Ecosystem Fund) with a target size of $80 million, aimed at investing in Cardano native and integrated projects. The fund will focus on Real-World Assets (RWA) and institutional-grade DeFi, in order to boost Cardano's TVL and on-chain activity. The fund will be managed by Draper Dragon, while the Cardano Foundation will act as a constitutional management party, providing ecosystem and technical support. Through the ownerless entity Arouet Holdings, part of the profits will be returned to the Cardano treasury. Draper University will serve as an acceleration partner, offering entrepreneurship acceleration and talent development. The fund will prioritize supporting projects that leverage the UTXO model to unlock Bitcoin liquidity and Cardano functionality, and will enhance transparency and community oversight by publishing a public KPI dashboard and holding quarterly ecosystem roundtables.