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].
You may also like
Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?
New York Proposes Stricter Stablecoin Issuer Rules Aligned With Federal GENIUS Act
NYDFS proposed stricter stablecoin issuer rules aligned with the GENIUS Act, covering reserves, custody, redemption timelines, audits, and capital buffers.
Every exchange is a "Universal Exchange."
The counterattack of traditional finance: Alliance chains are quietly reviving
CryptoQuant Says Bitcoin Profitable Supply Is Near 45% Pressure Zone as On-Chain Data Points to Market Repricing
CryptoQuant said Bitcoin’s profitable supply is nearing the 45% pressure zone, signaling rising market stress, unrealized losses, and a possible on-chain repricing phase.
Bitcoin Falls Below 200-Week Moving Average as On-Chain Data Shows Over Half of Supply in Loss
Bitcoin dropped below its 200-week moving average as on-chain data showed over 50% of circulating supply is now in loss, signaling rising market stress.
CFTC Reportedly Plans New Prediction Market Rules Focused on Manipulation Risk and Public Interest Review
The CFTC is reportedly preparing new prediction market rules focused on manipulation risk, public interest review, and retail trader protections.
Meet the new WEEX trial fund—your gateway to greater profits
WEEX Labs Lands at Dutch Blockchain Week: A Disruptive Crypto × AI Conversation Sets Sail in Amsterdam
SK Hynix Reportedly Plans U.S. ADR Listing as Early as August, With SEC Approval Possible in Late June
SK Hynix may pursue a U.S. ADR listing as early as August, with SEC approval reportedly possible in late June amid strong AI chip supply chain demand.
SpaceX vs Tesla vs xAI: Which Elon Musk Trade Has the Biggest Upside in 2026?
OpenAI Reveals It Has Confidentially Submitted an S-1 to the SEC, Keeping the Door Open for a Future IPO
On June 9, according to an OpenAI announcement, the company recently confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), beginning the preliminary compliance process for a potential initial public offering. OpenAI said it chose to disclose this proactively because it expected the news might leak; however, the company has not yet set a specific listing timeline, and related arrangements may still take some time.
Latest research from 13 top universities including Cornell University: The current state, challenges, and misconceptions of the fusion of Crypto and AI
Deconstructing Anthropic: The Best AI Company, Possibly Also a Type of Organizational Invention
Apollo and Blackstone Reportedly Back $35 Billion Anthropic Chip Financing as Deal Details Remain Unclear
On June 9, according to currently available news alerts, Apollo and Blackstone Group participated in a $35 billion financing for an Anthropic “chip project.” Based on the original wording of the report, the funding has already been raised, but public information remains limited. The financing structure, use of proceeds, project entity, and whether Apollo and Blackstone participated through equity, debt, or project financing have not yet been disclosed.
Humanity Protocol Security Incident Escalates: More Than $31 Million Stolen From Related Addresses as Attacker Continues Selling H for ETH
On June 9, according to monitoring by Onchain Lens, more than $31 million has been stolen from addresses linked to Humanity Protocol, and the attack is still ongoing, with the hacker continuously swapping H tokens for ETH. Project founder Terence Kwok later confirmed the security incident on X, saying the issue involved a private key leak.
Bloomberg: As Bitcoin Weakens, Stablecoins and RWA Continue to Drive Expansion in Crypto Businesses
In June, Bloomberg reported that despite Bitcoin falling below $60,000 last week, wiping out about $235 billion in market value within seven days, and dropping close to 50% from last year’s peak, some core businesses in the crypto industry are still expanding, mainly in stablecoins, real-world asset tokenization (RWA), payments, and infrastructure. The report also noted that overall altcoin activity has contracted significantly: altcoin market capitalization has fallen from a peak of about $431 billion in November 2021 to around $170 billion, and among the tens of millions of tokens issued in recent years, fewer than 1,700 still maintain meaningful trading activity.
Galaxy Deep Research Report: How Hyperliquid's HIP-4 Upgrade Changes the Landscape of Prediction Markets?
Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?
New York Proposes Stricter Stablecoin Issuer Rules Aligned With Federal GENIUS Act
NYDFS proposed stricter stablecoin issuer rules aligned with the GENIUS Act, covering reserves, custody, redemption timelines, audits, and capital buffers.
Every exchange is a "Universal Exchange."
The counterattack of traditional finance: Alliance chains are quietly reviving
CryptoQuant Says Bitcoin Profitable Supply Is Near 45% Pressure Zone as On-Chain Data Points to Market Repricing
CryptoQuant said Bitcoin’s profitable supply is nearing the 45% pressure zone, signaling rising market stress, unrealized losses, and a possible on-chain repricing phase.
Bitcoin Falls Below 200-Week Moving Average as On-Chain Data Shows Over Half of Supply in Loss
Bitcoin dropped below its 200-week moving average as on-chain data showed over 50% of circulating supply is now in loss, signaling rising market stress.
