In a striking move that demonstrates the evolving landscape of cryptocurrency and blockchain investments, AgriFORCE Growing Systems, previously associated with agricultural technologies, is pivoting to a new identity as AVAX One. This rebranding heralds its ambition to become the first Nasdaq-listed entity centered on the acquisition and management of Avalanche’s native token, AVAX. The announcement, made on September 23, 2025, has already caused a stir in the financial markets, with AgriFORCE’s shares surging by an impressive 132%. Meanwhile, AVAX itself saw a slight dip, dropping 3% over the past 24 hours.
A New Direction: AVAX One
AgriFORCE’s transformation into AVAX One isn’t just a name change—it’s a significant strategic shift. The company is embarking on a $550 million capital raise, aiming to secure more than $700 million in AVAX tokens. This strategic pivot aims to provide public investors with a professionally managed opportunity to gain exposure to the Avalanche network. The network is already a powerhouse in the blockchain space, securing $6.2 billion in staked assets and being leveraged for tokenization initiatives by major firms such as JPMorgan and Apollo.
Matt Zhang, the founder of Hivemind Capital and the new chair of AVAX One’s board, likened the company’s vision to building the “Berkshire Hathaway of the onchain financial economy.” The goal is to merge disciplined token accumulation with strategic fintech acquisitions, driving sustainable growth in this burgeoning sector.
Scaramucci’s Involvement: A Vote of Confidence
The rebranding also marks the entry of notable figures such as Anthony Scaramucci, founder of Skybridge Capital. Known for his vocal support of digital assets, Scaramucci’s role as head of AVAX One’s advisory board signals a strong vote of confidence in the company’s new direction. His involvement is part of a broader trend where seasoned financial experts are increasingly engaging with blockchain technologies, recognizing their transformative potential.
Scaramucci has been quoted as saying that tokenization represents “the single biggest theme for the next decade of finance.” He views AVAX One as a pioneering public-market on-ramp for those keen to participate in this financial shift. Alongside Scaramucci, Brett Tejpaul, head of Coinbase’s institutional division, joins the advisory board, bringing a wealth of expertise and further bolstering the firm’s credibility.
The Capital Raise: A Collaborative Effort
The capital raise, a cornerstone of AVAX One’s strategy, includes a $300 million PIPE (private investment in public equity), pending shareholder approval. An additional $250 million could be raised through equity-linked offerings. This ambitious fundraising effort has attracted a diverse group of investors, showcasing a broad spectrum of interest in AVAX One’s vision.
Prominent participants include ParaFi, Galaxy Digital, DCG, Kraken, and Cypher Capital. Other notable investors such as Big Brain Holdings, FalconX, Republic Digital, and Borderless Capital also joined the initiative, reflecting widespread confidence in the company’s strategy. This collaborative effort underscores the broader industry’s belief in the potential of AVAX and the Avalanche network as a whole.
Challenges and Opportunities
However, this bold move is not without its challenges. The slight dip in AVAX’s value following the announcement may reflect market uncertainties or profit-taking activities. As with any investment, the volatility of cryptocurrency markets can pose risks. Nevertheless, the strategic involvement of established financial entities and the robust backing from a diverse group of investors suggest a strong foundation for AVAX One’s future endeavors.
Beyond the immediate market reactions, AVAX One’s strategy highlights the increasing intersection of traditional finance and emerging blockchain technologies. By positioning itself at this crossroads, AVAX One aims to capitalize on the growing interest in tokenization and blockchain-based financial solutions.
Looking Ahead
As AVAX One forges ahead with its rebranding and capital raise, the broader financial community will undoubtedly be watching closely. This move could set a precedent for other companies considering similar transitions, paving the way for more traditional finance firms to explore the possibilities within the blockchain space.
In the coming months, the success of AVAX One’s strategy will likely depend on its ability to navigate the volatile crypto markets, effectively manage its token acquisitions, and execute strategic fintech acquisitions. Should it succeed, AVAX One might not only transform itself but also influence the broader industry’s approach to blockchain investments.
In conclusion, while AgriFORCE’s transition to AVAX One marks a significant shift in strategy, it also reflects a broader trend of digital assets gaining traction in traditional financial markets. With influential figures like Anthony Scaramucci at the helm and substantial backing from major investors, AVAX One stands poised to make a significant impact in the world of blockchain investment. As the story unfolds, both the financial and crypto communities will be eager to see how this ambitious venture evolves.
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
