Scaramucci-Backed Crypto Treasury Company Launches With $550 Million Fundraising Plan
A newly rebranded Nasdaq-listed company, AVAX One, plans to raise about $550 million to purchase AVAX the native token of the Avalanche blockchain and to build a platform for tokenizing traditional financial assets.
The move is backed by Anthony Scaramucci and Hivemind Capital, marking a notable attempt to create a publicly traded crypto treasury tied to a single blockchain ecosystem. This Scaramucci-backed AVAX One fundraising could position the firm as a sizable AVAX holder while it develops tokenization businesses on Avalanche.
What is AVAX One and how the $550 million will be used
AgriFORCE Growing Systems said it will change its name to AVAX One and pursue a ~$550M capital raise. Proceeds are intended mainly for acquiring AVAX tokens, with the company describing itself as the first Nasdaq-listed firm focused on maximizing AVAX ownership.
The plan follows a wave of tokenization efforts on Avalanche. AVAX One’s stated strategy combines crypto-treasury accumulation with building or acquiring businesses that can tokenize real-world assets (RWAs) on the network. Wall Street Journal
Why the Scaramucci-backed AVAX One fundraising matters
Support from well-known investors could help the company access institutional capital and partnerships. The firm aims to hold more than $700 million in AVAX after its strategy is executed, according to materials and reporting. That would make AVAX One a meaningful on-chain treasury holder and potential ecosystem catalyst.
Key players and structure
Anthony Scaramucci (SkyBridge Capital) is joining as an adviser to assist with fundraising and outreach.
Hivemind Capital, led by Matt Zhang, is investing; Zhang is expected to chair the board.
Existing shareholders will see the listed entity pivot from its previous line of business into a crypto-treasury and tokenization company under the AVAX One brand.
Tokenization on Avalanche
Tokenization of funds and RWAs on Avalanche has accelerated. In August, SkyBridge Capital said it would tokenize $300 million of hedge funds on Avalanche in partnership with Tokeny and Apex Group context that aligns with AVAX One’s thesis. Separately, industry reporting has highlighted efforts to raise additional capital for Avalanche-focused treasury initiatives.
<section id=”howto”> <h3>How to track AVAX One’s fundraising and tokenization progress</h3> <ol> <li id=”step1″><strong>Step 1:</strong> Add AVAX One (post-rebrand of AGRI) to your watchlist on Nasdaq and set alerts for SEC filings (8-K, S-1/S-3).</li> <li id=”step2″><strong>Step 2:</strong> Monitor company press releases and investor presentations for use-of-proceeds and treasury updates.</li> <li id=”step3″><strong>Step 3:</strong> Follow Avalanche ecosystem blogs and validator dashboards for large AVAX treasury movements.</li> <li id=”step4″><strong>Step 4:</strong> Track partnerships (fintech, insurance, tokenization providers) that could drive RWA launches.</li> <li id=”step5″><strong>Step 5:</strong> Reassess risks regularly—token price volatility, fundraising execution, and regulatory changes.</li> </ol> <p><em>Note: Process may vary by venue and provider. Confirm requirements before acting.</em></p> </section>
Context & Analysis
Analysis: A listed vehicle accumulating a large AVAX treasury alongside tokenization ambitions could deepen liquidity and enterprise activity on Avalanche. Execution risk is high—capital raising at scale, market volatility, and governance will be pivotal. Background tokenization efforts (e.g., SkyBridge’s $300M plan) suggest growing institutional comfort with on-chain structures, but timelines and regulatory clarity remain variables.
Conclusion
If AVAX One successfully completes its raise and delivers on tokenization, it could emerge as a major on-chain treasury while positioning itself as a key link between traditional finance and Avalanche’s growing RWA ecosystem. This move would not only strengthen its market presence but also highlight Avalanche’s potential in real-world asset integration.
For stakeholders, the focus should be on monitoring key milestones such as regulatory filings, new board appointments, and the rollout of initial tokenization projects. These developments will indicate the level of traction AVAX One can achieve in bridging traditional and blockchain-based financial systems.
FAQs
Q: What is AVAX One?
A : A rebranded Nasdaq-listed company planning a ~$550M raise to acquire AVAX and build tokenization businesses on Avalanche.
Q : Who is backing AVAX One?
A : Anthony Scaramucci (as adviser) and Hivemind Capital (investor); Matt Zhang is expected to chair the board.
Q : How much AVAX does AVAX One aim to hold?
A : The company targets more than $700 million in AVAX holdings once its strategy is executed.
Q : What does tokenization mean in this context?
A : Representing traditional assets as blockchain tokens to enable on-chain issuance, transfers, and lifecycle management.
Q : How does SkyBridge’s plan relate to AVAX One?
A : SkyBridge previously announced tokenizing $300M on Avalanche, underscoring institutional interest in Avalanche-based tokenization.
Q : When will fundraising occur?
A : The company has announced a plan to raise ~$550M; timelines will be detailed in filings and future releases.
Q : Does the Scaramucci-backed AVAX One fundraising change Avalanche’s outlook?
A : It could add treasury depth and tokenization momentum, but outcomes depend on execution and market conditions.