TechFlow News: On April 7, according to the official website of the Cardano Foundation, Cardano and Draper Dragon announced the launch of the Orion Fund on April 7, with an initial capitalization of $80 million. The fund will focus on investing in native Cardano projects and integrated projects to drive institutional adoption. Draper Dragon will manage the fund; the Cardano Foundation will serve as the constitutional administrator; and Draper University will act as the acceleration partner, providing incubation support.
Investment priorities center on real-world assets (RWA) and institutional-grade decentralized finance (DeFi), with preference given to cross-chain integration projects built upon Cardano’s and Bitcoin’s shared UTxO model. At the governance level, the fund has established Arouet Holdings—a no-owner special-purpose vehicle—to gradually return proceeds to the Cardano Treasury. The fund also commits to launching a publicly accessible, real-time data dashboard and holding quarterly ecosystem roundtable meetings.
