First Nasdaq-listed company dedicated to AVAX ownership sets sights on institutional blockchain finance
AgriFORCE Growing Systems (AGRI) has announced a bold transformation, rebranding as AVAX One and launching a plan to raise approximately $550 million to become the first Nasdaq-listed company devoted to acquiring and maximizing ownership of AVAX, the native token of the Avalanche blockchain.
Avalanche has emerged as a premier institutional-grade blockchain, with $6.2 billion staked and adoption by financial giants like KKR, Apollo, and J.P. Morgan Chase for real-world asset tokenization. With this move, AVAX One positions itself as a publicly traded vehicle offering investors direct access to the Avalanche ecosystem and its potential to revolutionize financial markets.
“The architecture of financial markets is changing, and programmable blockchains like Avalanche are the new foundation,” said CEO Jolie Kahn. “Our mission is to maximize our ownership of this foundational technology, delivering direct value to shareholders as this new economy grows.”
Matt Zhang, founder of Hivemind Capital and nominated Chairman of AVAX One, likened the strategy to building “the Berkshire Hathaway of the onchain financial economy.” The company’s near-term focus will be disciplined token accumulation, with long-term plans to onboard fintech businesses onto Avalanche, creating a sustainable growth cycle.
The company’s capital strategy aims to own over $700 million worth of AVAX, starting with a $300 million PIPE (pending shareholder approval) and further equity-linked fundraising of up to $250 million.
AVAX One’s advisory board includes high-profile leaders such as Anthony Scaramucci of SkyBridge Capital and Brett Tejpaul of Coinbase Institutional. Scaramucci emphasized that “tokenization of assets is the single biggest theme for the next decade,” positioning Avalanche as the premier platform for this transformation.
With its capital raise and ambitious growth vision, AVAX One seeks to establish itself as a cornerstone player in institutional blockchain finance.
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