Scaramucci-Backed Crypto Treasury Company Launches With $550 Million Fundraising Plan

The Wall Street JournalMonday, September 22, 2025 at 11:00:00 AM
Scaramucci-Backed Crypto Treasury Company Launches With $550 Million Fundraising Plan
AVAX One, a new cryptocurrency treasury company backed by Anthony Scaramucci, has announced an ambitious fundraising plan of $550 million. This initiative aims to tokenize traditional financial assets on the Avalanche blockchain, which could revolutionize how these assets are managed and traded. The move is significant as it highlights the growing interest in blockchain technology and its potential to disrupt conventional finance, making it a noteworthy development in the crypto space.
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