Scaramucci-Backed AVAX One Launches Massive $550M Fundraise: WSJ Report

Wall Street meets crypto once again as Anthony Scaramucci throws weight behind Avalanche's latest capital offensive.

THE $550M GAMBLE

AVAX One launches one of 2025's largest blockchain fundraises—proving institutional money still chases crypto returns despite regulatory headwinds. The Scaramucci endorsement signals traditional finance's growing comfort with layer-1 protocols.

FUNDS FLOW WHERE MOMENTUM GROWS

Avalanche's ecosystem expansion continues attracting big-ticket backers. The $550 million target demonstrates confidence in AVAX's scaling capabilities—and maybe a hint of FOMO from missed Bitcoin rallies.

Because nothing says 'bull market' like half-billion-dollar bets while mainstream media still questions blockchain fundamentals.

Scaramucci’s vision on tokenization

Scaramucci sees tokenization as the future. “I believe all assets will eventually be tokenized, and Avalanche is positioned as a go-to chain for tokenization of all types of real-world assets,” he said.

Zhang added, “For the first time ever, we have a very supportive regulatory environment for us to really try to achieve the full potential of this technology.”

The environment has been further energized by the U.S. President Donald Trump’s public support of cryptocurrencies. Earlier this month, Trump Media and Technology Group (DJT), parent of Truth Social, announced it would buy 684.4 million Cronos (CRO) tokens from Crypto.com for $105 million, paying half in cash and half in stock. Additionally, Trump Media & Technology Group also raised $2.3 billion from investors to purchase Bitcoin in May. 

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