AgriFORCE Rebrands as AVAX One in $550M Avalanche Push

In a move that underscores the accelerating convergence of traditional finance and digital assets, AgriFORCE Growing Systems has shed its agricultural identity to become AVAX One. The newly rebranded entity has announced an ambitious $550 million fundraising strategy with a singular focus: accumulating over $700 million worth of AVAX tokens, representing approximately 5% of the cryptocurrency’s circulating supply. This positions AVAX One to become the first company on the NASDAQ exchange built fundamentally around the Avalanche blockchain’s native token, creating a novel, publicly-traded gateway for institutional and retail investors to gain exposure to the ecosystem’s growth.

The scale of the proposed accumulation is significant, aiming to make AVAX One the largest publicly traded vehicle with a direct strategy centered on Avalanche. This blockchain has been designed from the ground up for institutional-grade finance, a fact underscored by its backing of $6.2 billion in staked assets. The platform is already being utilized by global financial leaders like Apollo, KKR, and J.P. Morgan for various tokenization projects, providing a robust real-world foundation for AVAX One’s strategy. The rebrand represents a complete strategic shift, moving the company’s core focus from agricultural technology to becoming a long-term player in blockchain-driven financial infrastructure.

The ambitious $550 million fundraising effort is being spearheaded by Hivemind Capital, a prominent crypto-native investment firm. The initiative has already garnered support from a powerful coalition of over 50 major institutions, signaling strong cross-sector interest. The list of backers reads like a who’s who of both traditional finance and the digital asset space, including heavyweights such as Galaxy Digital, Digital Currency Group (DCG), Kraken, ParaFi, HashKey, FalconX, and Republic Digital. This broad-based institutional endorsement suggests a significant vote of confidence in both Avalanche’s technology and AVAX One’s unique corporate structure.

Matt Zhang, Founder and CIO of Hivemind Capital, has been shortlisted to chair the board of AVAX One. Zhang has articulated a vision for the company that reaches far beyond simple token accumulation. He described the plan as creating a “Berkshire Hathaway” of the on-chain economy. The short-term strategy involves the responsible accumulation of AVAX, while long-term targets include acquiring fintech companies and onboarding them to the Avalanche network. This creates a potential growth loop where the success of the ecosystem boosts the value of AVAX One’s holdings, which in turn can be used to fund further ecosystem development, distinguishing it from passive cryptocurrency ETFs.

To lend further gravitas to its ambitions, AVAX One has assembled an advisory board featuring influential figures from the finance world. This includes Anthony Scaramucci, founder of SkyBridge Capital, and Brett Tejpaul, Head of Coinbase Institutional. Their involvement underscores the serious institutional push behind what Scaramucci has described as the next decade’s defining trend: the tokenization of assets. He and others point to Avalanche as a foremost platform for this revolution, and AVAX One aims to be the primary on-ramp for public market investors seeking regulated access to this growth.

The fundraising itself is structured in stages to achieve the target of over $700 million in AVAX holdings. The plan includes a $300 million PIPE (Private Investment in Public Equity) offering, which is contingent on shareholder approval. An additional $250 million is expected to be raised through equity-linked instruments. This two-pronged approach is designed to methodically build the company’s treasury, further solidifying its intended role as an anchor player within Avalanche’s expanding ecosystem. By combining a significant treasury of the native token with a strategy of strategic acquisitions, AVAX One is betting that it can capture value from the entire lifecycle of institutional adoption on the Avalanche blockchain.