Canary submits S-1 application for its AXL ETF

GateUser-6433627c · 2025-03-06T03:37:32+00:00

Canary filed an S-1 application for AXL ETF and launched Canary AXL Trust, the first investment trust to offer investments in a universal block interoperability protocol. The fund will contain the native token of the Axelar network and provide institutional investors with investment opportunities to connect to the Web3 ecosystem. Brian Brooks joins Axelar's new Advisory Board.

GateUser-6433627c

2025-03-06 03:37:32

Abstract generation in progress

Canary has submitted an S-1 application for its AXL ETF. In addition, Brian Brooks, former legal director of CEX, has joined Axelar’s new institutional advisory committee, which focuses on regulatory coordination and institutional adoption. Earlier, Canary Capital launched the AXL (Axelar) trust fund, the Canary AXL Trust, which will include the native tokens of the Axelar network, making it the first investment trust to offer general blockchain interoperability protocol investments. The trust fund will provide institutional investors with investment opportunities in blockchain interconnect technology, connecting to the Web3 ecosystem, such as XRP Ledger, Hedera, Stellar, TON, Sui, Solana, and Bitcoin.

WAXL2,92%

TRUST1,35%

XRP1%

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