Canary Capital has launched the Canary AXL Trust, a fund that tracks the performance of its native Axelar token. The investment product aims to bridge the gap between traditional finance and digital innovation. Axelar's technology has been widely adopted in the crypto space, with strategic partnerships with various blockchains. Axelar has also reached a total value locked of $1 billion this year and has attracted partnerships with institutions such as Deutsche Bank, Microsoft, and JP Morgan. One notable achievement for Axelar was its partnership with Ripple to provide interoperability services for the XRPL Ledger. Ripple is building the XRPL EVM sidechain to expand XRPL's capabilities in DeFi.



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