Arrington Capital, Electric Capital and other new investors have made strategic investments in Axelar, emphasizing that decentralized blockchain interoperability is the key infrastructure for achieving stable coin expansion of US dollar liquidity and RWA institutional token issuance.
New York, [March 11] - The Axelar Foundation today announced a new round of strategic investment in the AXL token, totaling over $30 million. The participating crypto funds include Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C^2 Ventures, Plassa Capital, Wagmi Ventures and other institutions.
Michael Arrington, founder of Arrington Capital, said: "We have been fortunate to know the outstanding team behind Axelar for many years, and we are deeply impressed by their grand vision of building the blockchain internet. They have uniquely solved the core pain points in the existing cross-chain architecture by building a truly decentralized and open-source connectivity layer. We are honored to join their ecosystem and together build critical infrastructure for the Web3 future."
The AXL token achieves flexible expansion of interoperability needs through protocol-level functional design. As each new blockchain connection is added, the corresponding reward pool will accumulate AXL tokens to incentivize validators to ensure cross-chain message security. The Axelar network itself is a blockchain, providing developers with a rich toolset through its Mobius Development Suite (MDS) to support permissionless cross-chain asset connectivity and tokenization.
Curtis Spencer, partner at Electric Capital, pointed out: "We are entering a new era where traditional assets such as currencies, bonds, and stocks will exist across chains, which is fundamentally different from the crypto-native assets like BTC and ETH born on a single chain. The underlying technology provided by Axelar enables these chain-agnostic assets to seamlessly interoperate, supporting a wide range of scenarios from DeFi to everyday financial transactions. We are fully committed to realizing the mission of building an interconnected future."
Part of this round of investment is directly from the Axelar Foundation's ecosystem reserve, purchasing unlocked AXL tokens. These tokens will be re-locked for 6 to 12 months. The Foundation has not yet disclosed the specific number of tokens sold from the ecosystem fund.
The new investors will form synergies with Axelar's existing supporters, including top-tier institutions such as Binance Ventures, Coinbase Ventures, Dragonfly Capital, Galaxy Ventures and Polychain Capital.
About Arrington Capital
Arrington Capital is a research-driven digital asset management firm focused on the blockchain capital markets. The firm was co-founded in 2017 by Michael Arrington, the founder of TechCrunch and CrunchBase, and has invested in over 300 early-stage Web3 projects. The team has deep venture capital roots, trading experience and crypto-native backgrounds, with its flagship fund Arrington XRP Capital having evolved into a multi-strategy asset management platform. Visit [this link] for the official website.
About Electric Capital
Electric Capital is a global venture capital firm led by engineers, focused on early-stage investments in crypto and frontier technologies. Since its founding in 2018, its investment portfolio has covered infrastructure, developer tools, crypto fintech, DeFi, market protocols, applications, and the intersection of crypto and AI. Visit [this link] for the official website.
About Axelar
Axelar is the leading Web3 interoperability platform, providing the shortest path to multi-chain expansion by connecting all blockchains through an open technology stack. Adopters include Uniswap, Microsoft and dozens of native multi-chain startups, with TVL exceeding $1 billion. Axelar has built a premier developer toolkit on top of an open, scalable and secure cross-chain layer, backed by institutions like Binance, Coinbase, Dragonfly, Galaxy and Polychain. Visit [this link] for the official website.
About the Axelar Foundation
The Axelar Foundation is a non-profit organization dedicated to driving the ecosystem development and technology application of the decentralized blockchain interoperability platform Axelar Network. Visit [this link] for the official website.
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