Nasdaq-listed company AgriFORCE has changed its name to AVAX One and launched a $550 million Avalanche investment plan

ChainCatcher news, former Nasdaq-listed company AgriFORCE announced that it will be renamed AVAX One and has launched a financing plan totaling $550 million, aiming to become the first publicly traded company focused on investing in the Avalanche ecosystem.

The company plans to hold over $700 million worth of AVAX tokens and will have SkyBridge founder Anthony Scaramucci and Coinbase institutional business head Brett Tejpaul as advisors. The financing plan includes $300 million in private equity investment and up to $250 million in equity-linked 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.