Canary Capital has established the Axelar private investment fund, allowing institutional investors to access the native token AXL of the interoperability network. The fund, launched on February 20, is open to institutional and accredited investors. Axelar currently possesses a market cap exceeding $444 million and a total value locked (TVL) of $195 million, having previously peaked at $345 million in December. The Axelar network, operational since October, facilitates connections between various blockchains and enables developers to tokenize real-world assets. Canary highlighted Axelar’s partnerships with major institutions like Apollo Global Management and JPMorgan as reasons for the fund’s launch. Institutional demand for cryptocurrencies is on the rise, underscored by applications for ETFs linked to Solana, Litecoin, and XRP, following the popularity of US spot Bitcoin ETFs. Increasing regulatory clarity in the US under President Trump is anticipated to further enhance institutional interest in digital assets, with industry experts seeing it as a bullish signal for established cryptocurrencies like Bitcoin and Ethereum.

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