In an ambitious move that could reshape the landscape of blockchain-enabled finance, Anthony Scaramucci, founder of SkyBridge Capital, and Hivemind Capital are backing AVAX One—the newly rebranded arm of AgriFORCE, a Nasdaq-listed clean energy firm—aiming to acquire over $700 million worth of Avalanche (AVAX) tokens.
AVAX One’s pivot signals a multi-layered fintech play: Alongside building one of the largest AVAX treasuries on record, the company intends to tokenize real-world assets, from funds to equities, leveraging Avalanche’s high-speed blockchain to bridge institutional finance and programmable digital markets. The initiative is buoyed by fresh regulatory clarity in the United States: The recently signed GENIUS Act establishes strict rules for stablecoins and tokenized assets, unlocking institutional appetite for large-scale blockchain adoption.
Scaramucci—whose tenure spans Wall Street and the White House—cites Avalanche’s speed and scalability as keys to mainstream financial migration. His firm SkyBridge has already tokenized $300 million in hedge fund assets using the platform, underscoring belief in a future where “all assets will eventually be tokenized.”
Hivemind and Scaramucci join Zhang, the incoming board chair, to steer AVAX One’s transition. Their playbook goes beyond token accumulation, laying groundwork to acquire fintech and insurance firms with plans to migrate operations onto the Avalanche network—positioning AVAX One as a fintech innovation hub.
Avalanche’s credentials are well established. Launched in 2020, it has served as a testbed for institutional tokenization by giants like Apollo, KKR, and J.P. Morgan, with its $14 billion market cap signaling robust ecosystem growth. AVAX’s attributes—low latency, scalability, and developer flexibility—suit the evolving demands of finance and insurance digitalization.
Still, the path is not risk-free. Crypto reserves amassed through public companies have a mixed historical record: One in four Bitcoin treasury firms now trade below their underlying asset value, according to K33 Research. Yet AVAX One backers argue that combining fintech acquisition with tokenization strategies offers stability beyond the pure “balance-sheet Bitcoin” model made popular by MicroStrategy.
For investors and fintech industry stakeholders, AVAX One’s bold bet on Avalanche marks a new chapter in the tokenization arms race, catalyzed by regulatory green lights and seasoned financial leadership. As institutional capital flows into blockchain, the convergence of fintech M&A and programmable assets may define the next era of digital finance.
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