Cardano and Draper Dragon announce $80 million Orion Fund to promote ecological and institutional adoption.

CoinFeed reported on April 7th that, according to the Cardano Foundation website, Cardano and venture capital firm Draper Dragon announced the launch of the Orion Fund (Draper Dragon Ecosystem Fund), with a target size of $80 million. The fund will invest in Cardano's native and integrated projects, focusing on Real-World Assets (RWA) and institutional-grade DeFi to enhance Cardano's TVL and on-chain activity. The fund will be managed by Draper Dragon, with the Cardano Foundation providing ecosystem and technical support as the constitutional manager. A portion of the profits will be channeled back to the Cardano treasury through the ownerless entity Arouet Holdings.