Cardano and Draper Dragon Launch $80 Million Investment Fund

Cardano has announced a significant partnership with venture capital firm Draper Dragon to establish an $80-million investment fund. The Orion Fund, managed by Draper Dragon, will focus on investing in projects that leverage Real-World Assets (RWA) and institutional-grade DeFi.

The fund's primary goal is to enhance Cardano's TVL (Total Value Locked) and on-chain activity. To achieve this, the fund will prioritize supporting projects that utilize the UTXO model to unlock Bitcoin liquidity and Cardano functionality.

As a constitutional management party, the Cardano Foundation will provide ecosystem and technical support. Draper University will serve as an acceleration partner, offering entrepreneurship acceleration and talent development services.