AVAX1: The New Frontier for Institutional Crypto Investment

Mm.

Anthony Scaramucci and crypto firm Hive Min Capital are investing in a new company that will focus on buying tokens from the Avalanche blockchain.

The company formerly Agritech firm Agriforce plans to raise $550 million to buy Avax tokens and will be renamed Ava One.

Avalanche is a high-speed blockchain with a. $14 billion market cap for its A token.

Now the company does plan to hold over $700 million in Ava and tokenize traditional assets, eventually acquiring FinTech and insurance firms to bring them on chain.

Joining me here live at the New York Stock Exchange is Matt, founder and managing partner at Hive Mind Capital.

Thank you so much for joining.

Matt, thanks for having me.

So tell us how this deal actually came together.

Yeah, it's actually very exciting to talk about this.

So as you mentioned, AgriForce to be renamed Ax one is raising 550 million capitals and accumulating Avex tokens, the native token of Avalanche blockchain.

Um, Anthony Scaramucci and myself, and more than 50 institutional and crypto native investors together and coming to supporting this because we're very excited about what Avalanche network is building here.

We believe with the new SCC with the legislation that we're entering into a new era of what we call crypto adoption.

This cycle is all about institutional.

And we believe Avalanche blockchain has a very unique abilities to cater to the need of institutional investors.

So be able now to using Ax one, giving Wall Street a direct and scalable way to having them get that exposure via public market, it's a very unique and attractive opportunity, so I'm very excited about making this happen.

Yeah, and speaking of opportunity, we know that there's a lot of attention in the digital asset space right now, but when it comes to hive mind capital, I understand the screening process for this deal to come together was extensive.

So why was it so extensive?

Question.

So by way of introduction, so I founded Hi Mine in 2021.

Before that, I worked 16 years in Wall Street, um lastly being the global structure product trading for Citigroup.

And our entire firm has a lot of traditional finance background, despite Pipe Mine is a web 3 and cryptofocused investment firm.

So this year, since early this year or really late last year, we've seen a wave of institutional adoptions, the convergence between crypto space as well as the traditional finance space.

So digital asset treasury strategy as we mentioned that that.

It's actually an output of all of this.

So we're seeing people are trying to find innovative ways to converting the two capitals together at Hive Mine, we screened about more than 60 that deals ourselves and on top of that, since April, we've got about 4 crypto foundations and teams approaching us to raise that strategy, but we've been waiting for the right opportunity.

And when we decided to work with Anthony and Avalanche Foundation, we know this is the right one because we're looking for something which institutional grade, institutional flavor, a unique opportunities to give our investors a scalable but a buttoned up way to gather access.

Yeah, so you have a storied background when it comes to trad buy.

So give us a better understanding of the strategy when You're talking about moving traditional fintech as well as insurance on chains.

Yeah, great.

So to start with the immediate priority is very simple.

We will be accumulating Ax tokens, AVAX, the native token of Avalanche network and trying to grow the A token on per share basis for our shareholders.

But that's what every that companies are doing.

So how do we bring a sustainable premium to NV and keep that value for shareholders?

Well, people talking about on chain migration, on chain adoption for so long, we actually need to practically do something.

So in the medium to long run our way to differentiate ourselves from a pure play passive digital asset treasure strategy is to identify fintech companies that are cash flowing.

That are undervalued, that have a massive user base, bring them actively on chain by investing, acquiring and leverage them into the avalanche network that would drive eventually a perpetual flywheel.

The revenue they're presenting will actually grow the enterprise value beyond just the net book value and also drive the massive adoptions through avalanche.

That's something in the medium to long run we're very excited about to do and in our way, we're saying we're building the Berkshire halfway for online unchained finance economy that's something we're really striving to hopefully we can achieve.

Yeah, and Matt, as you mentioned, when it comes to these debts, these digital asset treasuries, it's almost on a regular basis now that we see these headlines, but I think sustainable is the key word.

Moving forward.

So finally, before I let you go, you touched upon the regulatory landscape and 2025 has seen quite the sea change here in the US.

So what are your expectations moving into not just the rest of this year, but also 2026 and what does it actually mean for institutions and for retail investors?

Yeah, it's a great question.

So look, as I mentioned, I mean, I started Hive mind.

End of 2021, by the last 34 years, not for myself but for all crypto innovators has been a journey.

I tend to feel that's like a detour.

I think this is really the year zero for for our space and look really, really looking forward for what's happening, not just for remainder of this year, but the next 2 or 3 years.

I think that with a very supporting.

Uh, regulation supporting legislation and government that really actually be able to propel the innovation and giving the startup, the amazing founders the chance and making America, making financial services great again like we're very excited about to be able to do all of this and I think you know that and all of this is not going to be a sort of a flash, it's going to be here to stay, obviously not.

Everybody created equally we have the good ones and bad ones.

So coming back to this is we need to find ways to sustainably drive value for our shareholders.

I want people to remember, you know, institutional capital coming in if they're looking for institutional way to investing in stablecoin, there's Circle, which is a public company now, if they're looking for access to crypto exchange, there's Coinbase, now they have bullish.

And there's Gemini and I want them to remember if they're looking for exposure to scalable institutional grade blockchain exposure, the very definition of it.

Now we have Agri Ax one that will be able to provide them that solution and exposure.

OK, Matt, well, we will have to leave it there for today, but thank you so much for joining me today and hope to have you back.

Thank you so much.