AVAX One (AVX)

Another week, another institution tokenizing on Avalanche.

SkyBridge Capital is bringing roughly $300M of investment funds onchain with Avalanche, via Tokeny and Apex, a servicer that administers trillions in assets.

The pipeline isn't slowing down.

When Charles Schwab's research names Avalanche a leader in real-world assets and institutional use, it's worth paying attention.

The institutions aren't debating whether tokenization is real anymore. They're ranking the networks.

Our treasury is anchored to Avalanche.

In Q3, AVAX One eliminated more than $14.9M of debt, taking our convertible debt down to roughly $970K.

A digital asset treasury that funds itself doesn't need to run on leverage.

Simpler balance sheet. More flexibility. Same anchor: AVAX.

Avalanche gets more useful as more capital settles on it. More activity means more fees, more validators, more reasons to build. AVAX One participates directly: we hold AVAX and stake the majority of it, aligning the treasury with the network's growth.

U.S. market-structure legislation for digital assets stalled in the Senate this fall, but the regulatory picture keeps moving. The SEC and CFTC are building an interim framework under existing authority, and the GENIUS Act governs stablecoins. Rules are forming, bill or not.

orrick.com/en/Insights/20…