Anthony Scaramucci Hails Avalanche as Layer-1 ‘Swiss Army Knife’ in Major Bet

Anthony Scaramucci, the Skybridge Capital founder and now strategic advisor for AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI), is really bullish on AVAX. He calls it the “Swiss Army knife” of layer-1 blockchains, praising its versatility in the crypto world.

Scaramucci’s excitement stems from Avalanche’s huge potential in tokenization. “We made a big bet on AVAX because of how it handles tokenizing assets,” he shared. He pointed out that many top tech directors from major companies are turning to Avalanche to tokenize their funds—or even entire assets. It’s like the go-to platform for bridging traditional finance with blockchain magic.

Why Subnets Make Avalanche Stand Out

What really sets Avalanche apart, according to Scaramucci, are its subnets. These are customizable, interoperable networks within the Avalanche ecosystem, tailored for specific use cases. “People often say Avalanche is like a Swiss Army knife among layer-1 networks—it offers so much flexibility,” he added. This adaptability is drawing in big players who need scalable solutions without the usual blockchain headaches.

Scaramucci isn’t just talking the talk. Recently, he announced plans for $300 million in tokenized hedge funds on Avalanche. Now, he’s stepping up as strategic advisor for AVAX One, a $550 million AVAX-focused digital asset treasury in partnership with Hivemind Capital. It’s a clear sign he’s all in on this ecosystem amid a wave of rebranding and capital-raising buzz.

Avalanche’s Growing Momentum

This comes hot on the heels of Scaramucci’s endorsement last month, where he declared that Avalanche’s “moment is coming.” He’s held AVAX in his crypto portfolio for a while now, dubbing it the “Ethereum killer” (ETH) and one of his core long-term holdings. Launched back in 2020, Avalanche was built to deliver fast, secure infrastructure for decentralized apps and smart contracts. Its recent surge? Thanks to serious institutional interest that’s pushing it into the mainstream.

A prime example is BlackRock’s USD Institutional Digital Liquidity Fund. This tokenized fund, one of the biggest names in institutional crypto, just expanded to the Avalanche blockchain. It’s a massive vote of confidence from a Wall Street giant, showing how AVAX is proving itself against heavyweights like Ethereum. For more on Avalanche’s edge in the layer-1 race, check out the face-off with other networks.

Meanwhile, AgriFORCE’s stock (AGRI) is lagging in momentum and growth metrics compared to crypto treasury leaders like MicroStrategy (MSTR) or Bitmine Immersion Technologies (BMNR). But with advisors like Scaramucci on board, things could heat up—especially as tokenization trends accelerate.

If you’re diving deeper into Avalanche, its official site has great resources on how it works, and for BlackRock’s move, see their announcement for the full scoop.