Anthony Scaramucci, the founder of Skybridge Capital and former White House Communications Director, expressed his trust in digital assets by investing in avalanches.
He has experience as a lawyer, banker and media expert, providing him with a wide range of insights into financial technology and markets.
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Avalanche Platform and Subnet Features
In an interview with CNBC on September 22, Scaramucci described Avalanche as the “Swiss Army Knife of the Layer-1 Blockchain Platform.” He emphasized that the platform provides businesses with flexibility and potential applications.
Avalanche’s subnet capabilities allow organizations to create custom blockchains for tokenized funds, securities and other digital assets. As a result, businesses can manage operational and regulatory requirements more efficiently.
Enterprise adoption and market perspective
Scaramucci highlighted that major institutions, including BlackRock and Visa, employ avalanches. This adoption shows that the platform has gained reliability along with Ethereum and Solana.
Enterprise adoption provides a practical measure of the long-term viability of blockchain platforms. Analysts note that institutional recruitment is particularly relevant to financial and tokenized asset management.
While supporting the avalanche, Scaramucci reaffirmed his positive outlook for Bitcoin. He previously predicted his year-end Bitcoin price targets from $180,000 to $200,000, the figures he described as “cautious.” His investment approach focuses on a platform that combines powerful technical capabilities with practical enterprise applications. This approval could affect other investors who use modular architecture and tokenization options to evaluate the Layer 1 platform.
Avalanche’s architecture supports low latency transaction processing, customizable subnets, and high throughput. These features help financial companies, payment processors, and asset managers effectively explore blockchain solutions. Scaramucci’s statement also reflects the growing industry’s interest in platforms that offer both operational efficiency and technical versatility.
Recent development and institutional expansion
Based on Scaramucci’s support, Avalanche advanced its institutional strategy by planning to raise $1 billion through two US-based cryptocurrency finance vehicles. The initial deal includes private investments of up to $500 million, led by NASDAQ-listed company Hivemind Capital, according to the Financial Times. The second deal, targeting $500 million, is also constituted as a SPAC backed by Dragonfly Capital. It is expected to be completed by October.
These funds aim to purchase Avax tokens directly from the Avalanche Foundation at discounted rates, enhancing their role as digital ledgers for the capital market.
Positive news and strategic initiatives have also impacted Avax’s market performance. On the morning of September 23rd, Avax was trading at $33.18 during trading hours in Asia.
This represents an increase of 3.7% from the previous day and a 27.5% increase over the past month. As a result, tokens are attracting new attention from institutional and retail investors.
