PANews 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 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 proceeds will be channeled back to the Cardano treasury through the ownerless entity Arouet Holdings. Draper University will serve as an acceleration partner, providing startup acceleration and talent development. The fund will prioritize projects utilizing the UTXO model to bridge Bitcoin liquidity and Cardano functionality, and will enhance transparency and community oversight through public KPI dashboards and quarterly ecosystem roundtables.