Nasdaq-listed AgriFORCE changes its name to AVAX One and launches $550 million Avalanche investment program

Odaily Planet Daily reports that AgriFORCE, formerly a Nasdaq-listed company, has announced it will rebrand as AVAX One and launch a $550 million fundraising program, aiming to become the first publicly listed company dedicated solely to investing in the Avalanche ecosystem. The company plans to hold over $700 million worth of AVAX tokens and will be advised by SkyBridge founder Anthony Scaramucci and Coinbase head of institutional business Brett Tejpaul.

The financing package includes $300 million in private equity investment and up to $250 million in equity-related financing, with participation from over 50 institutions, including Galaxy Digital and Kraken. The company's long-term goal is to acquire fintech companies and migrate them to the Avalanche network.