Accelera Secures 40 Billion Won Investment... "Strengthening Blockchain Connectivity"

# Axelar Secures $30 Million Strategic Investment to Enhance Blockchain Interoperability Axelar, an interchain solution provider, announced on the 13th that it has raised $30 million (approximately 43.6 billion won) in a strategic investment round. The investment was led by Arrington Capital, Electric Capital, Distributed Global, and Laser Digital. The Axelar Network offers an interoperability platform for Web3, enabling connections between different blockchains. Its proprietary Mobius Development Stack (MDS) simplifies the connection and tokenization process across blockchains. According to Axelar, the funds will be used to expand its ecosystem and enhance connectivity between blockchain networks. The company plans to focus on promoting the use of blockchain by institutions through the tokenization of real-world assets (RWA). A portion of the investment will be executed by purchasing Axelar's native token AXL, unlocked from the ecosystem allocation held by the Axelar Foundation. These tokens will be locked up for six to 12 months. "Axelar is a decentralized, non-custodial, open-source blockchain interoperability protocol that aids financial institutions in utilizing blockchain technology," said Sergey Gorbunov, co-founder of Axelar. "We aim to provide a solution that connects blockchains for stablecoins and other asset tokenization tailored for institutional use." Michael Arrington, co-founder of Arrington Capital, commented, "Axelar is presenting a vision to build the internet of blockchains, solving issues arising from current connectivity structures."