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Canary Capital Launches Canary AXL Trust, Expanding Institutional Crypto Investment Products to Axelar Network Token
Source: Axelar
Canary Capital Group LLC (Canary Capital), a digital asset investment firm, announced today the launch of the Canary AXL Trust, a private investment tool designed for institutions and qualified investors. AXL is the native token powering the Axelar Network, supporting secure investment in the Axelar native token AXL. The trust is Canary's latest initiative to drive innovation in digital asset investment solutions and the first investment trust product focused on a general-purpose blockchain interoperability protocol. Additionally, the SEC has confirmed receiving Canary Capital's spot XRP ETF application and has also confirmed its Litecoin ETF application.
Canary Capital stated, "With the growing institutional demand for cryptocurrency investments, we are committed to providing structured, secure, and innovative investment tools to drive the future development trends of blockchain technology applications."
Following the successful launch of the Canary HBAR Trust, this product further solidifies Canary Capital's leading position in the industry, providing institutional investors with crypto investment opportunities beyond just Bitcoin and Ethereum. The Axelar Network has become a significant force in the Web3 interoperability space, aiming to build a decentralized network connecting global Web3 with financial infrastructure.
Steven McClurg, CEO of Canary Capital, said, "Axelar is driving advanced interoperability solutions for Web3, and we believe AXL will be a key asset for institutional investors positioning themselves in the next-generation blockchain infrastructure. With the growing institutional demand for cryptocurrency investments, we are committed to providing structured, secure, and innovative investment tools to drive the future development trends of blockchain technology applications."
The Canary AXL Trust is a private single-asset investment tool designed to hold Axelar's native token AXL, which provides decentralized security for a scalable blockchain interoperability network. The launch of this trust comes at a significant growth period for the Axelar Network. By 2024, Axelar has seen a 71% increase in active users, with a total trading volume of $100 billion, and has successfully partnered with major institutions including Apollo Global Management, Deutsche Bank, and JPMorgan Chase. As of early 2025, Axelar Network has soared to become the 11th largest blockchain globally by TVL calculation, surpassing $1 billion for the first time. Axelar is expected to further expand, connecting more Web3 ecosystems such as XRP Ledger, Hedera, Stellar, TON, Sui, Solana, and Bitcoin.
Canary Capital portfolio manager Josh Olszewicz stated, "As interoperability continues to shape the blockchain ecosystem, Axelar is becoming an indispensable infrastructure within the blockchain space. We believe in the long-term potential of Axelar's technology and its role in enabling seamless cross-chain interaction, making AXL a quality asset of interest to forward-thinking investors."
The Canary AXL Trust is only available to qualified investors, offering a direct investment opportunity in AXL. Canary Capital also provides other digital asset investment strategies, including customized hedge fund solutions for institutional clients. Additionally, Canary has appointed Coinbase as the custodian for this trust.
About Canary Capital
Canary Capital is an investment management company that combines rigorous risk management, strategic foresight, and innovative thinking to offer private strategies (such as crypto hedge fund solutions) focusing on enterprise technology.
Disclaimer: This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. Any such offer or solicitation would be illegal in the jurisdiction where such offer or solicitation is not qualified. In any jurisdiction, the offer, solicitation, or sale of securities prior to registration or qualification under the securities laws of that jurisdiction is illegal.
This article is contributed content and does not represent the views of BlockBeats.
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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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