Agriforce Growing Systems (Nasdaq: AGRI) announced it will rebrand as Avax One. This marks the launch of the first publicly traded company dedicated to AVAX. The company outlined plans to raise $550 million to build a long-term AVAX treasury strategy.

The raise will include a $300 million PIPE (private investment in public equity), subject to shareholder approval. This will be followed by an additional $250 million through equity-linked instruments. The goal is to accumulate more than $700 million worth of AVAX. This move aims to make Avax One a core institutional partner in the Avalanche ecosystem.

“The architecture of financial markets is changing, and programmable blockchains like Avalanche are the new foundation. Our mission is to maximize our ownership of this foundational technology, AVAX, on a per-share basis, delivering direct value to our shareholders,” said Jolie Kahn, CEO, Avax One.

Avalanche, designed for institutional-grade settlement, already supports tokenization initiatives. The network is currently secured by $6.2 billion in staked assets.

The capital raise is led by Hivemind Capital, with participation from over 50 institutional investors, including Galaxy Digital, Kraken, Falconx, Borderless Capital, and Hashkey Capital.

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