Anthony Scaramucci and crypto agency Hivemind Capital are backing a daring new enterprise to purchase Avalanche blockchain tokens.
AgriFORCE, a Nasdaq-listed firm with ongoing clear power operations, is rebranding as AVAX One and plans to boost $550 million to amass Avalanche tokens.
Notably, Anthony Scaramucci is among the many most high-profile names behind the transfer. Recognized each for his hedge fund profession and his temporary stint as a White Home communications director below Donald Trump, Scaramucci has turn into an outspoken supporter of digital property.
As a part of AVAX One, he’ll function the pinnacle of the advisory board. His focus will embody capital elevating and investor outreach, in addition to positioning the corporate throughout the broader monetary group.
One other key backer is Hivemind Capital Companions, based by former Citigroup government Matt Zhang. The agency has already dedicated what it described as “significant capital” to the enterprise.
Zhang is predicted to turn into chairman of the board. Along with Scaramucci and different non-public traders, Hivemind will take majority possession of the rebranded firm.
Constructing a Large AVAX Treasury
AVAX One has set a goal of buying greater than $700 million in AVAX tokens. It additionally plans to tokenize real-world property on Avalanche’s blockchain. This implies representing conventional monetary devices, reminiscent of funds or equities, in digital token type.
In the long run, administration envisions buying fintech and insurance coverage corporations, then transitioning their operations to the Avalanche community.
Avalanche as a Tokenization Hub
Avalanche, launched in 2020, is broadly thought to be one of many quickest blockchain platforms obtainable. It has already attracted curiosity from established finance. Funding giants KKR, Apollo, and J.P. Morgan have experimented with tokenization tasks on the chain.
The AVAX token, which powers the community, presently carries a market capitalization of round $14 billion. Its attraction lies in velocity and scalability, qualities usually cited as essential for real-world adoption.
For Scaramucci, the potential is obvious. His agency, SkyBridge Capital, has already tokenized $300 million of hedge fund property on Avalanche.
In a press release, he predicted that “all property will finally be tokenized” and positioned Avalanche as a number one platform for that transition.
Regulatory Shift Opens the Door
The timing of AVAX One’s launch coincides with a shift in U.S. regulatory coverage. President Trump lately signed the GENIUS Act, a brand new regulation that establishes guidelines for stablecoins and units a framework for tokenized property.
Buyers have welcomed the measure, calling it a turning level. For the primary time, U.S. regulation seems supportive of large-scale tokenization efforts.
“We lastly have a regulatory surroundings that permits us to dream massive,” Zhang stated in an interview.
Trade Monitor Report and Pitfalls
Regardless of the optimism, challenges stay. The mannequin of stockpiling crypto by means of listed corporations has produced combined outcomes. In accordance with K33 Analysis, almost 1 / 4 of all Bitcoin treasury corporations now have a market worth decrease than the worth of the cash they maintain.
Many of those companies adopted a playbook pioneered by MicroStrategy, elevating funds by means of debt or new share issuance to construct crypto reserves. Whereas the technique as soon as attracted sturdy demand, enthusiasm has cooled.
Nonetheless, AVAX One’s backers argue that tokenization affords a extra sustainable path. By combining token accumulation with plans to amass monetary and insurance coverage companies, they hope to construct a stronger long-term progress engine.
DisClamier: This content material is informational and shouldn’t be thought-about monetary recommendation. The views expressed on this article might embody the writer’s private opinions and don’t mirror The Crypto Fundamental opinion. Readers are inspired to do thorough analysis earlier than making any funding choices. The Crypto Fundamental just isn’t answerable for any monetary losses.
