$AXL
Axelar Foundation discloses the completion of a $30 million AXL token sale. Investors in this token sale include Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C² Ventures, Plassa Capital, and Wagmi Ventures. The Axelar Foundation plans to extend the use of the dollar through stablecoins and support the tokenization of real-world assets (RWA) through its interoperability protocol.
• Stablecoins and the use of the dollar: The Axelar Foundation plans to extend the use of the dollar through stablecoins.
• Interoperability protocol and RWA: The Axelar Foundation plans to support the tokenization of real-world assets (RWA) through its interoperability protocol.
• Collaboration and applications: Axelar has collaborated with several financial institutions, such as publishing joint research reports with Citibank, Deutsche Bank, and Mastercard to discuss the importance of interoperability for asset tokenization. Additionally, Axelar has partnered with Ripple to enhance interoperability for XRPL through the integration of Axelar Network, aiming to achieve the next phase of growth in RWA tokenization.
The $30 million token sale completed by the Axelar Foundation will help further promote the use of stablecoins and the tokenization of real-world assets, while also providing funding support for the development of its interoperability protocol. Through collaboration with several renowned financial institutions and projects, Axelar's influence in cross-chain interoperability and the RWA sector is expected to further expand.