Agriforce Growing Systems Ltd. announced its intention to rename Avx One, positioning itself as the first company listed at the Nasdaq dedicated to the maximization of the property of Avx, the native token of the avalanche blockchain.
The company seeks to collect around $ 550 million, with the aim of holding more than $ 700 million in Avx, standing up as a fundamental player in the avalanche ecosystem.
Avalanche, which provides more than $ 6.2 billion in marked assets, has become a leading institutional quality blockchain, offering high -speed infrastructure for the tokenization of active world.
Global companies, including KKR, Apollo and JP Morgan, have already used Avalanche technology to launch personalized and compliant blockchains.
Avax One to direct the institutional entry in Avalanche
Pretty Kahn, general manager of Avx One, said: “The architecture of financial markets is changing, and programmable blockchains like Avalanche are the new foundation.”
She added that “for the first time, our company provides investors from the public market a vehicle managed by professionals to invest directly in this transformation.”
The brand change and fundraising strategy is supported by Hivemind Capital, the founder Matt Zhang appointed the chairman of the board of directors. Zhang has described the vision of the company as the construction of the “Berkshire Hathaway of the chain financial economy”.
In the short term, AVAX One plans to focus on AVAX’s disciplined accumulation, while long -term plans include the acquisition and integration of fintech companies on the Avalanche network.
The financing plan is structured around a private investment of $ 300 million in public equity (PIP), awaiting the approval of shareholders, as well as an additional $ 250 million of future instruments linked to shares.
According to Matt Zhang, the combined strategy should make Avox one of the largest corporate entities that hold the avalanche ecosystem tokens.
To guide its expansion, the company has gathered a high-level advisory council, which will be co-directed by Anthony Scaramucci, founder of Skybridge Capital, and Brett Tejpaul, Coinbase Chief Institutional.
“The tokenization of assets is the biggest theme of the next decade of financing,” said Scaramucci. “The avalanche has clearly become the institutional quality platform for this change, and Avx One will be the essential access ramp for public investors to participate.”
According to Zhang, the company intends to mark the majority of its Avox assets, taking advantage of the high avalanche yields. This strategy should make the cash flow of Avx One since the first day while allowing its value of the assets to develop over time.
Beyond the development of natives, the company will also explore alternative yield possibilities such as liquid milestones, liquidity supply and MEV strategies. These activities are intended to generate higher risk adjusted yields while supporting the growth of avalanche ecosystem projects.
The capital increase has attracted the participation of more than 50 institutional and crypto-native investors, notably Parafi, Galaxy Digital, Digital Currency Group, Kraken, Falconx, Borderless Capital, Republic Digital, Crypher Capital and Hashkey Capital.
With its ambitious increase of $ 550 million and plans to set up and extend Avx Holdings, Avx One marks a new stage for avalanche.
The avalanche wins the institutional traction while Avax was raloped 44% in a month
The Avax d’Avalanche token attracts new institutional impetus and investors, with bets of several million dollars and corporate cash plans that increase prices.
On September 23, the blockchain data revealed that the global financial advisor of Liberty and the Crypto-Connu Ogle trader opened a position of $ 2.2 million in Avx, using a lever effect 10x.
The entry price was $ 33.88, with a liquidation risk set at $ 15.50. This decision followed the last announcement of the Treasury of avalanche companies and the new ETF deposits, indicating growing confidence around the native token of blockchain.
Earlier this month, the Avalanche Foundation would have collected up to $ 1 billion thanks to two investment vehicles based in the United States designed to accumulate Avx.
The first is the Agriforce, led by Hivemind Capital, and a second special acquisition company of $ 500 million (SPAC), supported by Dragonfly Capital, is expected to close in October.
The two structures would guarantee large AVAX reserves, creating long -term purchase pressure and liquidity.
Institutional commitment has been accelerating since February. The director of Swedish assets Virtun launched an ETP offering an exhibition to Avx, followed by Vaneck’s request for an Avalanche ETF in March.
Last month, gray levels deposited to convert his avalanche trust into ETF, highlighting the demand for traditional finance.
On September 16, Bitwise Asset Management also filed a dry recording request from an Avalanche Spot ETF.
The token jumped 43.8% in the last month, up 14.6% in the past seven days only. At the time of the press, AVAX exchanged above $ 34.43, up 21.5% compared to recent stockings, defying the wider weakness of the market and strengthening its position as one of the most resilient layer 1 assets.
The first company in the Nasdaq Post Avalanche begins with an increase of $ 550 million and a plan to mark Avx – what to expect? appeared first on Cryptonews.