Canary was registered as the AXL trust 'CANARY AXL TRUST' in Delaware on January 22.

BlockBeats news, on January 26, according to the official information from the Delaware Department of State’s Division of Corporations (ICIS), Canary Capital registered the AXL Trust ‘CANARY AXL TRUST’ in Delaware on January 22, with file number 10073958 and entity type as a common law trust, and the trust has not yet fully commenced operations. At the same time, the trust is annotated as ‘not in good standing,’ which may indicate that the trust is not currently in good standing. Good standing typically means that the company has not violated the state’s laws or has not been dissolved. It is worth noting that Canary previously applied to register the HBAR Trust ‘CANARY HBAR TRUST’ in the same location on September 18, 2024, with file number 5145567, also with a ‘not in good standing’ annotation. Subsequently, on September 24, 2024, Canary registered CANARY HBAR ETF with file number 5231034. On November 13, 2024, Bloomberg Senior ETF Analyst Eric Balchunas stated that Canary submitted an HBAR ETF application, which will track ‘the native assets of the Hedera Network.’ It is currently unclear whether Canary Capital will submit an AXL ETF application, and further information needs to await official announcement.