Canary Capital has launched a new investment fund, Canary AXL Trust, which gives investors access to AXL, the token for Axelar Network, a blockchain interoperability protocol.
The firm announced the launch in a blog post. Canary Capital focuses on digital asset investments. It aims to bridge traditional finance and blockchain technology. The new Trust is the first of its kind in the interoperability space.
AXL trust expands investment opportunities in web3
The company has seen success with previous funds. Canary HBAR Trust was one such example. With the AXL Trust, it expands its offerings in the crypto investment space. Axelar is gaining traction in Web3. It connects different blockchain networks, enabling seamless transactions.
CEO of Canary Capital, Steven McClurg, believes in Axelar’s potential. He says the technology behind AXL is crucial for future blockchain growth. Institutional investors now have a way to gain exposure to this innovation.
Axelar Network has grown significantly. In 2024, it saw a 71% rise in active users. Transactions reached $10 billion. Major financial institutions have integrated with Axelar, including Apollo Global Management, Deutsche Bank, and J.P. Morgan.
By early 2025, Axelar ranked as the 11th largest blockchain by total value locked. It surpassed $1 billion in assets. The network continues expanding. It connects ecosystems like XRP Ledger, Hedera, Stellar, TON, Sui, Solana, and Bitcoin.
Josh Olszewicz, Portfolio Manager at Canary, sees strong potential in Axelar. He says AXL is key to enabling cross-chain transactions. He believes it is an attractive investment for forward-thinking investors.
The Canary AXL Trust is for accredited investors only. The firm also offers hedge fund solutions for institutions. Coinbase will act as custodian for the Trust, and investors can access the fund securely.
Market trends and regulatory considerations for AXL investors
The announcement clarified that this is not an offer to buy or sell securities. Canary Capital aims to have shares of its products quoted on secondary markets. However, there is no guarantee of approval. Regulatory agencies may have concerns. Investors should be prepared for potential risks.
Some products have not met investment goals. Shares have traded at premiums or discounts. This trend could continue. Canary Capital remains committed to innovation. With the launch of the AXL Trust, it strengthens its role in blockchain investment. The firm continues to provide structured, secure options for crypto investors.
