FOX Business reporter Eleanor Terrett shared in a post that Canary Capital has launched the AXL (Axelar) trust, Canary AXL Trust, which will contain the native tokens of the Axelar network and is the first investment trust to offer universal blockchain interoperability protocol investments.
The Axelar protocol has become the leading cross-chain protocol and is working closely with Ripple to support the interoperability of its stablecoin, RLUSD.
Axelar acts as a bridge between the XRP Ledger and the XRP Ledger EVM (an Ethereum-compatible network).
The trust will provide institutional investors with the opportunity to invest in blockchain-connected technologies that connect to the Web3 ecosystem, such as XRP Ledger, Hedera, Stellar, TON, Sui, Solana, and Bitcoin.
FOX Reporter: Canary Capital Launches AXL Trust, the First Trust to Offer Blockchain Interoperability Investments
2025-02-19 19:23:07
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