Canary Funds has launched an Axelar (AXL) Trust to provide institutional investors with access to the Axelar network's native token, AXL. The trust aims to attract investors interested in blockchain infrastructure projects that facilitate Web3 adoption. Axelar is a leading cross-chain protocol that enables seamless blockchain connectivity and is working with Ripple to support RLUSD stablecoin interoperability. It connects various ecosystems, including XRP Ledger, XRP Ledger EVM, Ethereum, Hedera, Stellar, TON, Sui, Solana, and Bitcoin.



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