GuShiio.com Original source: Axelar
Canary Capital Group LLC, an investment firm focusing on digital assets, today announced the launch of Canary AXL Trust, a private equity investment tool designed for institutional and qualified investors. AXL is a native token that drives the Axelar network and supports safe investment in Axelar native token AXL. The trust is Canary’s latest move to promote innovation in digital asset investment solutions and is the first investment trust product for a common blockchain interoperability protocol. In addition, the SEC has confirmed receipt of Canary Capital’s spot XRP ETF application and also confirmed its Litecoin ETF application.
Canary Capital said: “As institutional demand for cryptocurrency investment grows, we are always committed to providing structured, secure and innovative investment tools to drive the future development trend of blockchain technology applications.”
Following the successful launch of Canary HBAR Trust, this product further consolidates Canary Capital’s leading position in the industry, providing institutional investors with crypto investment opportunities that are not limited to Bitcoin and Ethereum. Axelar Network has become an important force in the field of Web3 interoperability, committed to building a decentralized network that connects the world’s Web3 and financial infrastructure.
Steven McClurg, CEO of Canary Capital, said: “Axelar is promoting advanced interoperability solutions for Web3, and we believe AXL will become a key asset for institutional investors in deploying next-generation blockchain infrastructure. As institutional demand for cryptocurrency investment grows, we are always committed to providing structured, secure and innovative investment tools to promote the future development trend of blockchain technology applications.”
Canary AXL Trust is a private, single-asset investment vehicle designed to hold Axelar’s native token, AXL, which provides decentralized security for a scalable blockchain interoperability network. The launch of the trust comes amid a period of significant growth for Axelar Network. In 2024, Axelar’s active users increased by 71%, cumulative transaction volume reached US$10 billion, and successfully reached partnerships with major institutions including Apollo Global Management, Deutsche Bank and JPMorgan Chase. As of early 2025, Axelar Network has jumped to the 11th largest blockchain in the world in terms of TVL, exceeding US$1 billion for the first time. Axelar is expected to expand further to connect more Web3 ecosystems such as XRP Ledger, Hedera, Stellar, TON, Sui, Solana and Bitcoin.
Josh Olszewicz, portfolio manager at Canary Capital, said: “As interoperability continues to shape the blockchain ecosystem, Axelar is becoming an indispensable infrastructure in the blockchain ecosystem. We believe that the long-term potential of Axelar technology and its role in achieving seamless cross-chain interactions will make AXL a premium asset for forward-thinking investors.”
Canary AXL Trust is open only to qualified investors and provides the opportunity to directly invest in AXL. Canary Capital also offers other digital asset investment strategies, including hedge fund solutions tailored for institutional clients. In addition, Canary appointed Coinbase as the custodian of the trust.
About Canary Capital
Canary Capital is an investment management company committed to combining rigorous risk management, strategic vision and innovative thinking to provide private equity strategies (such as crypto hedge fund solutions) and focus on corporate technology.
Disclaimer: This press release does not constitute an offer to sell or solicit the purchase of any securities in any jurisdiction, and such an offer or solicitation shall not be made in such jurisdiction if it would be illegal. No sale of any securities shall be made in any jurisdiction if it is illegal to make an offer, solicitation or sale of any securities prior to registration or qualification under the securities laws of that jurisdiction.
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