UAE-based M2 Capital has made a strategic investment of USD 21 million in Nasdaq-listed AVAX One Digital Asset Treasury (DAT). The move reflects a growing regional interest in blockchain innovation and compliant digital asset ecosystems across the Middle East and North Africa (MENA).
AVAX One, formerly known as AgriFORCE Growing Systems Ltd., rebranded on September 22, 2025, marking a significant pivot from agricultural technology to digital assets. The company now operates as Nasdaq’s first treasury business dedicated to maximizing ownership of AVAX, the native token of the Avalanche blockchain.
M2 Capital’s Strategic Vision
M2 Capital Limited is the investment arm of UAE’s M2 Group. It is focused on fostering institutional access to blockchain and digital asset opportunities. The firm’s investment in AVAX One is part of its broader strategy to bridge blockchain innovation with MENA’s fast-growing appetite for regulated digital investments.
James Greenwood, Chief Executive Officer of M2 Capital, highlighted the rationale behind the partnership. He stated:
“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 its growth and adoption globally.”
Strengthening the Avalanche Ecosystem
Through this investment, M2 Capital aims to contribute to multiple layers of the Avalanche ecosystem, including:
- AVAX accumulation: Enhancing liquidity and network depth.
- Network security: Supporting decentralization and resilience.
- Ecosystem expansion: Encouraging institutional adoption and innovation.
- Partnership collaboration: Working alongside fellow investors and blockchain developers to unlock new regional opportunities.
The partnership positions M2 Capital as a key player in aligning global blockchain infrastructure. It will use the regulatory and market frameworks of the UAE and wider MENA region.
AVAX One’s Transition to Digital Assets
AVAX One’s transformation from AgriFORCE to a dedicated digital asset treasury marks a broader trend in public markets. In this scenario, companies are pivoting toward blockchain-based value creation. By focusing on AVAX token accumulation and ecosystem participation, AVAX One aims to serve as a treasury vehicle. It will provide services for investors seeking exposure to Avalanche’s long-term growth.
M2 Group’s Broader Mission
M2 Group has emerged as one of the UAE’s leading digital asset conglomerates. Its portfolio spans regulated investment services, blockchain solutions, and infrastructure for both retail and institutional clients. The group’s overarching mission is to provide secure, compliant, and future-focused digital asset access to investors within and beyond the MENA region.
As blockchain adoption accelerates globally, the M2–AVAX One partnership represents a forward-looking alignment of regional capital with decentralized innovation.