Wall Street wizard Matt Zhang leads AVAX One: Launching $550 million in funding to create an on-chain version of Berkshire.

Agricultural technology company AgriFORCE has rebranded to AVAX One, led by Hivemind founder Matt Zhang, raising $550 million in funding, aiming to become the on-chain financial Berkshire Hathaway. (Background: FIFA announces collaboration with Avalanche for “football blockchain,” AVAX token surges 12%) (Context: 42 million vehicle ownership records on-chain AVAX》California Department of Motor Vehicles embraces blockchain: efficiency increased by ten thousand times) This week on the 23rd, U.S. agricultural technology company AgriFORCE Growing Systems officially rebranded as AVAX One and announced the launch of a funding plan of up to $550 million, becoming the first company focused on Avalanche (AVAX) tokens to be listed on Nasdaq. This deal is led by Hivemind Capital founder and Wall Street veteran Matt Zhang, marking another key step in the integration of traditional capital markets and the blockchain world. The first Avalanche-focused listed company is born. AVAX One CEO Jolie Kahn stated that the company's primary mission is to create a “professionally managed and regulated” vehicle for public market investors, enabling shareholders to directly hold AVAX. Following the announcement, the original AGRI stock price immediately surged, reflecting investors' high expectations for this transformation. According to the press release, the company hopes to maximize the amount of AVAX allocable per share through centralized holdings and staking. Matt Zhang brings Wall Street DNA. Nominated as chairman, Matt Zhang previously spent 16 years at Citibank overseeing global structured transactions, having a thorough understanding of capital operations and risk control. His firm, Hivemind Capital, focuses on institutional-level crypto investment, and he now aims to bring his rich experience in structured finance into AVAX One. He proposes to shape the company into “the Berkshire Hathaway of on-chain financial economics,” allowing Wall Street to engage with blockchain infrastructure in a more familiar manner. Matt Zhang emphasized: “Disciplined accumulation of AVAX and generating cash flow through staking, while moving stable financial technology businesses onto Avalanche, can create an expanding growth flywheel.” How the $550 million funding operates. AVAX One's fundraising is conducted in two phases: the first phase has completed about $300 million PIPE, pending shareholder approval; the second phase will raise up to $250 million through equity-linked instruments. If fully realized, the company plans to hold over $700 million in AVAX and stake the tokens on the mainnet to achieve approximately 6.7% annualized returns, providing the company with immediately visible cash flow. Unlike simple passive holdings, AVAX One's next step is to acquire fintech companies with cash flow and integrate these businesses into Avalanche. Matt Zhang believes that by advancing the three aspects of “holding coins + acquisitions + on-chain,” the company's market capitalization can grow in sync with the AVAX ecosystem, creating a long-term premium above net asset value (NAV). The imagination of on-chain finance. This fundraising has received support from over 50 institutions, including Hivemind, Galaxy Digital, Digital Currency Group, Kraken, and others. The strategic advisory team is also star-studded, including SkyBridge Capital founder Anthony Scaramucci and Coinbase Institutional head Brett Tejpaul. Scaramucci stated: “Asset tokenization will be the biggest theme in finance over the next decade, and Avalanche has become the institutional-level platform for this wave.” Under the promotion of Hivemind and Matt Zhang, AVAX One attempts to replicate the “Buffett model” by using on-chain tools to reshape the asset management ecosystem. However, the market still needs to observe regulatory and price fluctuations; nonetheless, this cross-industry collaboration has paved a new path for AVAX to enter mainstream finance and provides investors with another option to participate in the on-chain financial economy. Related reports: Standard Chartered warns: DAT digital treasury narrative is heading towards a death spiral, multiple mNAVs fall below 1, stock prices sluggish, purchasing power declines: Is the cryptocurrency treasury model nearing its end? OpenSea announces the launch of “NFT reserve treasury,” purchasing CryptoPunk #5273 to protect digital asset culture. This article was first published in BlockTempo, the most influential blockchain news media.