Cardano and Draper Dragon establish an $80 million Orion Fund to support ecosystem development

MeNews · 2026-04-07T14:40:18+00:00

The Cardano Foundation and Draper Dragon have established the $80 million Orion Fund to support strategic initiatives of Cardano enterprises, expand on-chain utility, and strengthen the ecosystem. The fund is managed by Draper Dragon with support from the Cardano Foundation.

MeNews

2026-04-07 14:40:18

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ME News message, April 7 (UTC+8). The Cardano Foundation said in a post that it has partnered with Draper Dragon to establish an $80 million Orion Fund, aiming to support strategic initiatives by Cardano-native and integrated enterprises, with the goal of expanding on-chain utility and strengthening the broader ecosystem. The program will be managed by Draper Dragon, with the Cardano Foundation serving as the charter manager and providing the necessary ecosystem and technical support. (Source: Foresight News)

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