Whereas Ethereum (ETH) and plenty of altcoins proceed to be adopted by main firms as a part of their treasury methods, the most recent information comes for Avalanche (AVAX).
Accordingly, Nasdaq-listed AgriFORCE introduced that it’s going to rebrand as AVAX One, concentrating on $550 million for AVAX reserves.
The corporate introduced plans to alter its identify to AVAX One and focus its technique on investing in Avalanche.
With this transfer, the corporate grew to become the primary Nasdaq-listed firm to announce such a plan for AVAX.
The corporate has already raised $300 million by way of personal placement in publicly traded fairness (PIPE) and plans to lift one other $250 million.
The assertion famous that the corporate’s strategic advisory board can be led by SkyBridge Capital founder Anthony Scaramucci and Coinbase Institutional chairman Brett Tejpaul, together with different monetary sector figures to be introduced quickly.
“Asset tokenization can be a serious theme for the following decade in finance,” stated Anthony Scaramucci. “Avalanche has clearly develop into the enterprise-grade platform for this shift, and SkyBridge has already begun tokenizing the community. AVAX One would be the must-have platform for public investor engagement.”
Lastly, it was said that Hivemind Capital led the financing spherical and greater than 50 institutional and crypto buyers equivalent to Galaxy Digital, Digital Kraken, FalconX, GSR Ventures and HashKey Capital participated.
*This isn’t funding recommendation.
