Anthony Scaramucci and crypto firm Hivemind Capital are backing a bold new venture to buy Avalanche blockchain tokens.
AgriFORCE, a Nasdaq-listed company with ongoing clean energy operations, is rebranding as AVAX One and plans to raise $550 million to acquire Avalanche tokens.
Notably, Anthony Scaramucci is among the most high-profile names behind the move. Known both for his hedge fund career and his brief stint as a White House communications director under Donald Trump, Scaramucci has become an outspoken supporter of digital assets.
As part of AVAX One, he will serve as the head of the advisory board. His focus will include capital raising and investor outreach, as well as positioning the company within the broader financial community.
Another key backer is Hivemind Capital Partners, founded by former Citigroup executive Matt Zhang. The firm has already committed what it described as “meaningful capital” to the venture.
Zhang is expected to become chairman of the board. Together with Scaramucci and other private investors, Hivemind will take majority ownership of the rebranded company.
Building a Massive AVAX Treasury
AVAX One has set a target of acquiring more than $700 million in AVAX tokens. It also plans to tokenize real-world assets on Avalanche’s blockchain. This means representing traditional financial instruments, such as funds or equities, in digital token form.
In the long term, management envisions acquiring fintech and insurance companies, then transitioning their operations to the Avalanche network.
Avalanche as a Tokenization Hub
Avalanche, launched in 2020, is widely regarded as one of the fastest blockchain platforms available. It has already attracted interest from established finance. Investment giants KKR, Apollo, and J.P. Morgan have experimented with tokenization projects on the chain.
The AVAX token, which powers the network, currently carries a market capitalization of around $14 billion. Its appeal lies in speed and scalability, qualities often cited as crucial for real-world adoption.
For Scaramucci, the potential is clear. His firm, SkyBridge Capital, has already tokenized $300 million of hedge fund assets on Avalanche.
In a statement, he predicted that “all assets will eventually be tokenized” and positioned Avalanche as a leading platform for that transition.
Regulatory Shift Opens the Door
The timing of AVAX One’s launch coincides with a shift in U.S. regulatory policy. President Trump recently signed the GENIUS Act, a new law that establishes rules for stablecoins and sets a framework for tokenized assets.
Investors have welcomed the measure, calling it a turning point. For the first time, U.S. regulation appears supportive of large-scale tokenization efforts.
“We finally have a regulatory environment that allows us to dream big,” Zhang said in an interview.
Industry Track Record and Pitfalls
Despite the optimism, challenges remain. The model of stockpiling crypto through listed companies has produced mixed results. According to K33 Research, nearly a quarter of all Bitcoin treasury firms now have a market value lower than the value of the coins they hold.
Many of these businesses followed a playbook pioneered by MicroStrategy, raising funds through debt or new share issuance to build crypto reserves. While the strategy once attracted strong demand, enthusiasm has cooled.
Still, AVAX One’s backers argue that tokenization offers a more sustainable path. By combining token accumulation with plans to acquire financial and insurance businesses, they hope to build a stronger long-term growth engine.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
