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Axelar Completes $30 Million Strategic Fundraise, Welcomes Arrington Capital and Electric Capital as Ecosystem Partners
Arrington Capital, Electric Capital, and other new investors have made a strategic investment in Axelar, emphasizing that decentralized blockchain interoperability is a key infrastructure to achieve stablecoin expansion, USD liquidity, and RWA institutional tokenization.
New York, [March 11]—The Axelar Foundation today announced a new round of strategic investment for the AXL token, totaling over $30 million. Participating crypto funds include Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C^2 Ventures, Plassa Capital, Wagmi Ventures, among others.
Michael Arrington, Founder of Arrington Capital, stated: "Over the years, we have had the privilege of getting to know the outstanding team behind Axelar and deeply admire their grand vision of building the blockchain internet. By constructing a truly decentralized, open-source connectivity layer, they have uniquely addressed the core pain points in existing cross-chain architectures. We are honored to join their ecosystem and collectively build critical infrastructure for the Web3 future."
The AXL token achieves interoperability requirements through protocol-level design for elastic scalability. With each new blockchain connection, its corresponding rewards pool will accumulate AXL tokens to incentivize validators to secure cross-chain message integrity. The Axelar Network itself is a blockchain that provides developers with an extensive toolkit through its Mobius Development Suite (MDS), supporting full-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 crypto-native assets born on a single chain like BTC and ETH. The underlying technology provided by Axelar enables these cross-chain assets to operate seamlessly, supporting various 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 involves directly purchasing unlocked AXL tokens from the Axelar Foundation's ecosystem reserve. These tokens will have lockup periods ranging from 6 to 12 months. The Foundation has not disclosed the specific quantity of tokens from this ecosystem fund sale.
The new investors will synergize 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. Founded in 2017 by Michael Arrington, the founder of TechCrunch and CrunchBase, the firm has invested in over 300 early-stage projects within the Web3 ecosystem. With a combination of deep venture capital expertise, trading experience, and crypto-native background, the team's first fund, Arrington XRP Capital, has evolved into a multi-strategy asset management platform. The official website can be accessed at [this link].
About Electric Capital
Electric Capital is a globally-focused engineer-led venture firm specializing in early-stage investments in crypto and cutting-edge technologies. Since its establishment in 2018, its investment thesis covers infrastructure, developer tools, crypto fintech, DeFi, market protocols, applications, and the intersection of crypto and AI. The official website can be accessed at [this link].
About Axelar
Axelar is a leading Web3 interoperability platform that provides the shortest path to multi-chain scalability by connecting all blockchains through an open technology stack. Adopters include Uniswap, Microsoft, and dozens of native multi-chain startups, with TVL surpassing $1 billion. Axelar has built a top-tier developer toolkit on an open, scalable, and secure cross-chain layer, with support from institutions such as Binance, Coinbase, Dragonfly, Galaxy, and Polychain. The official website can be accessed at [this link].
About Axelar Foundation
The Axelar Foundation is a non-profit organization dedicated to advancing the ecosystem development and technical applications of the decentralized blockchain interoperability platform Axelar Network. The official website can be accessed at [this link].
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
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