UAE-based investment powerhouse M2 Capital Limited, the proprietary investment arm of M2 Group, has announced a $21 million strategic investment in AVAX One Digital Asset Treasury (DAT) — the first Nasdaq-listed treasury vehicle dedicated exclusively to AVAX, the native token of the Avalanche blockchain ecosystem.
The investment marks a key milestone in M2 Capital’s ongoing strategy to bridge global blockchain innovation with the Middle East and North Africa’s rapidly expanding demand for regulated digital assets. The move also underscores the UAE’s growing role as a hub for compliant institutional crypto investment and Web3 adoption.
Strengthening Regional Access to AVAX
M2 Capital’s investment will help strengthen AVAX liquidity and institutional access across the MENA region while advancing Avalanche’s footprint as a key player in decentralized finance.
The announcement follows AgriFORCE Growing Systems’ recent rebranding to AVAX One on September 22, 2025, transforming it into the first Nasdaq-listed digital asset treasury designed to maximize AVAX ownership on a per-share basis. The company’s restructuring included an initial PIPE financing round led by Hivemind Capital, joined by co-investors M2 Capital and Cypher Capital.
The AVAX One initiative is expected to raise around $300 million through combined capital and token contributions. Once finalized, it will hold more than $420 million worth of AVAX on its balance sheet, making it one of the largest professionally managed AVAX treasuries in existence.
A Strategic Alliance for Blockchain Growth
With this investment, M2 Capital brings its regional expertise, institutional network, and market access to accelerate the Avalanche ecosystem’s growth and resilience. The company plans to collaborate with other investors and ecosystem partners to enhance AVAX accumulation, strengthen network security, and promote enterprise-level adoption of Avalanche across the region.
James Greenwood, CEO of M2 Capital, said the investment reflects the firm’s confidence in the Avalanche network’s long-term potential.
“Avalanche’s architecture has been built for the next era of blockchain solutions, and AVAX is its core economic engine. Our participation in this treasury demonstrates our conviction in the Avalanche ecosystem and our commitment to supporting its continued growth and adoption — not only regionally but globally,” Greenwood said.
Echoing this sentiment, Matt Zhang, Founder of Hivemind Capital and nominated Chairman of the AVAX One Board, emphasized the growing institutional appetite for Avalanche-based assets.
“We’re grateful to M2 Capital for their support as we continue to advance Avalanche’s institutional growth story. The depth and diversity of participation we’ve seen reflects the industry’s recognition of Avalanche as a leading platform for on-chain finance and reinforces the role AVAX One plays as the premier, regulated gateway to that future,” Zhang said.
Avalanche’s Global Impact
The Avalanche blockchain has emerged as one of the most scalable and institution-ready networks in the digital asset space. Built for high-speed transactions and low-cost settlements, Avalanche serves as a foundational layer for next-generation financial infrastructure.
Its native token, AVAX, consistently ranks among the top 15 cryptocurrencies globally, boasting a market capitalization of nearly $12 billion and a total value locked (TVL) exceeding $4 billion across decentralized applications within its ecosystem.
These indicators highlight Avalanche’s maturity and stability, positioning it as an ideal foundation for institutional investors seeking blockchain exposure through structured and regulated vehicles like AVAX One.
M2 Capital’s Broader Blockchain Vision
The AVAX One investment continues a series of high-profile blockchain initiatives by M2 Capital. Earlier this year, the firm joined an investor consortium supporting the Sui Foundation and Nasdaq-listed SUI Group Holdings Ltd. (formerly Mill City Ventures III, Ltd.) through a PIPE investment to establish a dedicated Sui Treasury.
In addition, M2 Capital recently made a $20 million investment in Ethena ($ENA) as part of a strategic partnership aimed at expanding institutional participation in decentralized stablecoin infrastructure.
These moves reflect M2 Capital’s commitment to shaping the institutional digital asset landscape, with a focus on projects that combine regulatory compliance, blockchain scalability, and long-term economic value.
Backed by UAE Innovation Ecosystem
M2 Group, the parent company of M2 Capital, is a privately held UAE conglomerate backed by institutional shareholders with strong ties to the country’s innovation and digital economy. The group’s diversified portfolio spans digital asset solutions, fintech ventures, and investment management — all aligned with the UAE’s strategic push toward blockchain adoption and financial technology leadership.
By aligning its capital and capabilities with Avalanche’s global ambitions, M2 Capital is not only deepening its commitment to blockchain innovation but also reinforcing the UAE’s position as a regional leader in digital asset investment and Web3 infrastructure development.
With the AVAX One partnership, M2 Capital continues to play a defining role in connecting regulated finance and decentralized technology, setting the stage for the next wave of institutional blockchain growth across the Middle East and beyond.
