FOX Business reporter Eleanor Terrett shared in a post that Canary Capital launched the AXL (Axelar) Trust Fund, Canary AXL Trust, which will contain the native tokens of the Axelar network and is the first investment trust to provide investment in a universal blockchain interoperability protocol.
- The Axelar protocol has become a leading cross-chain protocol and works closely with Ripple to support the interoperability of its stablecoin RLUSD.
- Axelar acts as a bridge between XRP Ledger and XRP Ledger EVM (an Ethereum-compatible network).
- The trust fund will provide institutional investors with investment opportunities in blockchain interconnected technologies, connecting Web3 ecosystems such as XRP Ledger, Hedera, Stellar, TON, Sui, Solana and Bitcoin.