TechFlow news — On March 11, according to The Block, the Axelar Foundation has announced a $30 million strategic AXL token sale. The foundation said on Tuesday that multiple cryptocurrency investors participated in the token sale, including Arrington Capital, Distributed Global, Electric Capital, Laser Digital, C² Ventures, Plassa Capital, and Wagmi Ventures.
The foundation declined to disclose the price or valuation of the AXL tokens sold. The Axelar Foundation plans to expand dollar usage through stablecoins and support institutional tokenization of real-world assets (RWA) via its interoperability protocol.
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