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Wall Street legend Matt Zhang steps in: $550 million to create "on-chain Berkshire", AVAX ecosystem welcomes a major turning point.
A significant transaction capable of changing the landscape of encryption finance is quietly taking shape. On September 23, Nasdaq-listed company AgriFORCE Growing Systems announced its transformation into AVAX One and launched a large-scale fundraising plan of up to $550 million, becoming the world's first publicly listed company focused on Avalanche (AVAX) tokens. This strategic transformation is led by Wall Street legend and Hivemind Capital founder Matt Zhang, marking an important milestone in the integration of TradFi and the Blockchain world.
####Wall Street capital giants enter the Avalanche ecosystem
The birth of AVAX One is not just a simple corporate rebranding, but represents a strategic layout of institutional capital towards blockchain infrastructure. As the first Avalanche-focused company listed on Nasdaq, AVAX One provides traditional investors with a regulated and professionally managed channel, allowing them to indirectly hold AVAX tokens through the stock market.
"Our mission is to build a bridge that allows Wall Street capital to participate in the construction of blockchain infrastructure in a familiar and compliant manner," said Jolie Kahn, CEO of AVAX One. After this announcement, the original AGRI stock saw a significant increase, reflecting the market's enthusiastic anticipation of this innovative model.
( Matt Zhang: From Citibank to Blockchain Finance Pioneer
Matt Zhang, who has been nominated as the chairman of AVAX One, is not a newcomer in the blockchain field. Before entering the crypto world, he served at Citibank for 16 years, responsible for global structured trading operations, accumulating rich experience in capital operations and risk management. In 2021, Zhang founded Hivemind Capital, focusing on institutional-level cryptocurrency asset investments.
"We are building an on-chain version of Berkshire Hathaway," Zhang said in an interview. "By disciplined accumulation of AVAX and creating stable cash flow through staking, while migrating mature fintech businesses to the Avalanche network, we are able to form an ever-expanding growth flywheel."
This vision has garnered widespread attention in the industry. SkyBridge Capital founder Anthony Scaramucci commented: "Asset tokenization will become the most important development trend in the financial sector over the next decade, and Avalanche has already proven itself as an institutional-grade platform in this wave."
) $550 million funding plan: far surpassing a simple holding strategy
The fundraising plan for AVAX One is divided into two phases: the first phase has completed approximately $300 million in private investment (PIPE), pending shareholder approval; the second phase will raise up to $250 million through equity-linked instruments. If all funds are in place, the company plans to hold AVAX tokens worth over $700 million.
Unlike traditional cryptocurrency trust products, AVAX One adopts a more proactive asset management strategy:
Token Staking: Stake your AVAX on the mainnet to earn approximately 6.7% annualized returns, providing stable cash flow for enterprises.
Strategic acquisition: acquiring fintech companies with cash flow to expand business scope.
Business on-chain: Migrating traditional financial services to the Avalanche network to promote ecosystem development.
"This is not just a holding strategy, but a complete financial ecosystem construction plan," said a representative from an investing institution. "Through the three-pronged approach of 'holding coins + mergers + on-chain', AVAX One has the potential to create market premiums far exceeding its net asset value."
####Unprecedented Support from Institutional Investors
This fundraising has received support from over 50 institutions, boasting a luxurious lineup that includes industry leaders such as Hivemind Capital, Galaxy Digital, and Digital Currency Group. In addition, AVAX One has assembled a star-studded strategic advisory team, including SkyBridge Capital founder Anthony Scaramucci.
"This is a model case of the integration of traditional finance and blockchain technology," commented a market analyst. "AVAX One not only provides institutional investors with a new way to participate in blockchain infrastructure but also brings unprecedented capital support and professional management experience to the Avalanche ecosystem."
####Blockchain Reconstruction of the 'Buffett Model'
The business model of AVAX One has been compared by many analysts to the blockchain version of Berkshire Hathaway, and this analogy is not without reason. Just like Buffett's investment philosophy, AVAX One plans to generate a compounding effect by holding core assets (AVAX Token) and reinvesting the cash flow generated from these assets.
"We see a unique opportunity to combine the best practices of traditional asset management with the innovations of blockchain technology," Zhang explained. "In this way, we can not only create value for shareholders but also promote the development of the entire Avalanche ecosystem."
However, this model also faces numerous challenges, including regulatory uncertainty, cryptocurrency price volatility, and technological risks. Market observers point out that the success of AVAX One will largely depend on the development trajectory of the Avalanche network itself and the broader cryptocurrency market environment.
####A New Chapter in Blockchain Finance
Regardless, the birth of AVAX One marks an important milestone in the development of blockchain finance. By combining the expertise of traditional finance with the innovative potential of blockchain technology, this model may provide a new paradigm for the future development of financial infrastructure.
"We are witnessing a pivotal turning point in financial history," said a Blockchain researcher. "When Wall Street's capital, expertise, and networks combine with the transparency, efficiency, and innovation of Blockchain technology, we could see the birth of a whole new financial ecosystem."
With the development of AVAX One, investors and industry observers will closely watch whether this innovative model can achieve its ambitious vision and the profound impact it may have on the entire blockchain financial sector.