Axelar Foundation completes $30 million AXL Token sale

Techub News reported that Axelar Foundation disclosed the completion of a $30 million AXL Token sale, with participation from Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C² Ventures, Plassa Capital, and Wagmi Ventures, among other institutions. A spokesperson for the foundation stated that some of these investments involve purchasing unlocked AXL Tokens from Axelar Foundation's community program, which will be subject to new lock-up restrictions of 6 to 12 months. In addition, Axelar Foundation plans to expand the use of the U.S. dollar through stablecoins and to support the tokenization of real-world assets (RWA) by institutions through its interoperability protocol.