Axelar Foundation Completes $30 Million Token Sale

According to Odaily, the Axelar Foundation has announced the completion of a $30 million token sale. The sale saw participation from several investors, including Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C² Ventures, Plassa Capital, and Wagmi Ventures. However, the foundation did not disclose the sale price or valuation of the AXL tokens. The Axelar Foundation aims to expand the use of the U.S. dollar through stablecoins and support the institutional tokenization of real-world assets via its interoperability protocol.