Canary Capital Launches First Blockchain Interoperability Trust Fund

Canary Capital, a leading investment firm, has made a significant move in the blockchain industry by launching the AXL Trust Fund. This is the first trust fund to offer investment opportunities in blockchain interoperability, a critical aspect of the Web3 ecosystem.

The AXL Trust Fund, also known as the Canary AXL Trust, will hold the native token of the Axelar Network. Axelar has emerged as a leading cross-chain protocol, collaborating 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 (Ethereum-compatible network), facilitating seamless transactions between these networks.

This innovative trust fund provides institutional investors with a unique opportunity to invest in blockchain interconnectivity technology. By investing in the AXL Trust Fund, investors gain exposure to a diverse range of Web3 ecosystems, including XRP Ledger, Hedera, Stellar, TON, Sui, Solana, and Bitcoin. This exposure allows investors to participate in the growth and development of these ecosystems while mitigating the risks associated with direct investments in individual tokens.

The launch of the AXL Trust Fund is a testament to Canary Capital's commitment to driving innovation in the blockchain industry. By offering investment opportunities in blockchain interoperability, Canary Capital is enabling institutional investors to diversify their portfolios and tap into the vast potential of the Web3 ecosystem.