AVAX One Makes Blockbuster Nasdaq Debut with $550M Capital Raise, Fueled by Hivemind & 50+ Institutional Backers

Avalanche's institutional arm just pulled off what traditional finance hasn't managed in years—actual innovation with real backing.

The $550 Million Power Play

AVAX One storms onto Nasdaq not with timid steps but with a war chest that dwarfs most crypto projects' entire market caps. Hivemind Capital Partners leads a consortium of over fifty institutions betting big on enterprise blockchain adoption.

Wall Street Meets Web3

This isn't another speculative token launch—it's infrastructure deployment at scale. The capital injection signals institutional conviction moving beyond Bitcoin ETFs into actual blockchain utility. Traditional finance suddenly looks like it's playing catch-up with technology it dismissed five years ago.

The New Institutional Standard

When fifty-plus serious players commit nine figures to a Layer 1 solution, it rewrites the rulebook for blockchain adoption. The move bypasses traditional VC slow-walking and cuts directly to market-ready deployment.

Wall Street might still be figuring out what to do with blockchain—meanwhile, blockchain just bought prime real estate on Wall Street's home turf.

• AgriFORCE rebrands as AVAX One, planning to raise $550M.
• Targeting over $700M worth of AVAX tokens to strengthen the Avalanche ecosystem ties.
• Backed by Hivemind Capital and 50+ major institutions, including Galaxy Digital, DCG, and Kraken.

AgriFORCE Growing Systems has announced a major shift, rebranding as AVAX One and setting its sights on becoming the first NASDAQ-listed company built around Avalanche’s AVAX token.

The company plans to raise $550 million, aiming for total holdings of more than $700 million worth of AVAX. This makes it the largest publicly traded vehicle with a direct strategy centered on Avalanche, the blockchain designed for institutional-grade finance.

AGRI, a public NASDAQ-listed company announces a $550M strategy to accumulate AVAX (~5% of circulating supply). @HivemindCap, led by @zhang_matt will Chair the Board.

“I believe all assets will eventually be tokenized, and Avalanche is positioned as a go-to chain for… pic.twitter.com/3vg91Azod3

Avalanche is backed by $6.2 billion in staked assets and is already used by global leaders such as Apollo, KKR, and J.P. Morgan for tokenization projects. By shifting its Core focus, AVAX One seeks to establish itself as a long-term player in blockchain-driven financial infrastructure.

Hivemind Capital Leads AVAX One Funding

The fundraising effort is being led by Hivemind Capital and has been joined by over 50 other prominent investors. These include ParaFi, Galaxy Digital, Digital Currency Group, Kraken, HashKey, FalconX, and Republic Digital. This collective support suggests strong interest from both traditional finance and crypto-native institutions.

Hivemind Capital’s CEO, Matt Zhang, shortlisted as Chairman of AVAX One, described the plan as making a “Berkshire Hathaway” of the on-chain economy.

The short-term strategy of the company would include responsible accumulation of AVAX, and long-term targets include acquiring fintech companies and inducting them to Avalanche’s network. This, according to Zhang, offers a growth loop to distinguish AVAX One from other cryptocurrency businesses and ETFs.

The rebrand also introduces us to an advisory board of influential figures, including SkyBridge Capital’s Anthony Scaramucci and Coinbase Institutional’s BRETT Tejpaul. Their addition lends gravitas to AVAX One’s ambition to take a seat at the head of the table in this asset tokenization revolution.

Additional $250M to Come From Equity-Linked Instruments

The fundraising plan will come to pass in stages. Already, there has been an intended $300 million PIPE offering contingent upon shareholder approval, and another $250 million through equity-linked products.

The two plans, as it were, WOULD bring AVAX One’s holdings over $700 million in AVAX token holdings, further solidifying it as an anchor player in Avalanche’s expanding ecosystem.

Scaramucci described tokenization of assets as the next decade’s defining trend and named Avalanche as one of the foremost platforms in this regard. With an on-ramp to go publicly traded in AVAX One, investors would directly access Avalanche’s growth through a regulated market vehicle.