Avalanche treasury, powered by AI data centers
AVAX One (NASDAQ: AVX) is a digital infrastructure company that is accelerating the transition to an onchain financial economy.
We build power-first, modular data centers in energy-advantaged regions and leverage behind-the-meter generation and microgrid design to deliver reliable, cost-efficient compute capacity for AI and high-performance computing (HPC) workloads.
We are also the first public equity vehicle for Avalanche, which we believe is the digital foundation of the onchain financial economy. We accumulate AVAX, the native token of the Avalanche blockchain, and generate onchain yield through native staking and ecosystem participation.
Through this dual strategy, we provide public market investors with exposure to a unique portfolio of scarce assets that are diversified across compute and crypto.
WHY AVALANCHE?
Where Institutional Infrastructure Meets the Onchain Financial Economy.
Avalanche is engineered for the requirements of institutional finance, delivering near-instant settlement, cost efficiency, and predictable performance. Its multi-chain design provides the foundational layer for real-world markets to operate onchain and for the next generation of financial applications to scale. In short, the future of the onchain financial economy will be powered by Avalanche.
Our Team
AVAX One has assembled a world class executive team, including seasoned operators and investors from public and private equity, asset management, and digital assets.
Management
Jolie Kahn has an extensive background in cryptocurrency, corporate finance, and corporate and securities law. She has been the proprietor of Jolie Kahn, Esq. since 2002 and has a deep depth of involvement in various aspects of cryptocurrency, including serving as general counsel to one of the largest bitcoin mining companies from 2018 to 2023 and as outside counsel to various other cryptocurrency-based public entities. She has participated in various large industry conferences both as a speaker and panelist, supporting the cryptocurrency and the blockchain ecosystem. Ms. Kahn has also held various corporate finance roles, including extensive involvement in preparing period filings and financial statements, as well as playing an integral part in public company audits. She has also worked with companies and hedge funds on complex transactions involving the structuring and negotiation of large-scale debt and equity financings, as well as mergers and acquisitions. Ms. Kahn has practiced law in the areas of corporate finance, mergers & acquisitions, reverse mergers, and general corporate, banking, and real estate matters. She represents both public and private companies, hedge funds, and other institutional investors in their role as investors in public companies. She served as Interim CFO of GlucoTrack, Inc. from 2019 – 2023. Ms. Kahn holds a BA from Cornell University and a J.D. magna cum laude from the Benjamin N. Cardozo School of Law.
Pete is founder and principal of P. Wylie Advisory, a financial and operational consulting firm for startups and growth companies. He is a seasoned entrepreneur and investor with multiple exits in the financial and consumer technology spaces. He has significant operational financial experience, serving as CFO of Napster Holdings Inc, through its acquisition in 2025 by Infinite Reality (now Napster Inc), and CFO/COO of consumer lender CommonBond. Pete co-founded and sold a consumer financial technology company, Gradible, to CommonBond in 2016. He holds B.A. degrees in Journalism and English from the University of North Carolina, where he was a Morehead-Cain Scholar.
Board of Directors
Matt Zhang is the Founder and Managing Partner of Hivemind, a Web3 and blockchain technology-focused investment firm, which he founded in November 2021. From September 2007 to November 2021, Mr. Zhang served as the global Head of Structured Products Trading at Citi, a leading global investment bank. He also created Citi’s Spread Products Investment Technologies team (SPRINT), focusing on venture equity investments in the FinTech sector, and was a founding partner of the Citi Impact Fund, which invests in companies addressing social challenges. Mr. Zhang holds an MST in Real Estate from the University of Cambridge and a BS in Economics from the London School of Economics. He is a Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA).
Young Cho has served as Chief Executive Officer and Director of TLGY Acquisition Corp. (Nasdaq: TLGY) since December 2024 and Chief Executive Officer of StablecoinX, an Ethena-backed digital asset treasury company, since June 2025. He has spent the past 8 years in the digital asset industry, serving as CFO at Hedera Hashgraph, a proof-of-stake public network powered by hashgraph consensus, where he served from April 2021 to August 2022, and CIO at Abra, a digital consumer wallet where users can buy, sell, and earn rewards on their cryptocurrency holdings, from April 2020 to April 2021 where he started the Earn product in 2020. Before he entered the crypto industry, he spent over 12 years in traditional finance. He spent 10 years at Citigroup as a director in the Special Situations Group and 2 years at UBS as an executive director in the Private Finance and Credit Trading team. He is a Chartered Financial Analyst and has a BS from Cornell and an MPA from Columbia.
Ms. Griffith is a senior executive with more than two decades of strategic leadership experience across diverse industries, including technology, financial services, consumer goods, food manufacturing, aerospace, and education. Since 2024, she has served as Vice President of Government Relations at CGI, one of the world’s largest IT and business consulting firms, where she leads the company’s government relations strategy and engagement with public sector stakeholders. From 2023 to 2024, Ms. Griffith served as Head of Government Relations & External Affairs for McCain Foods – North America, where she directed public affairs and external communications across the United States and Canada. From 2021to 2023, she was Group Director for the North America Operating Unit at The Coca-Cola Company, overseeing public affairs, sustainability, and communications in Canada and the Northeastern United States. From 2019 to 2021, Ms. Griffith served as Senior Vice President of State & Local Government Relations at Wells Fargo, managing legislative strategy and stakeholder engagement across multiple states. From 2008 to 2019, she led government relations for the Eastern U.S. States at TIAA-CREFF. From 2021 to 2023, she was the former Chair of the Canadian Beverage Association, where she provided strategic leadership on industry-wide policy and advocacy initiatives. Ms. Griffith holds a Bachelor of Arts in History from Gwynedd-Mercy College.
Dan Mendes has been Managing Partner of BlockCore Partners, a specialized advisory firm offering financial and tax services tailored to the blockchain and digital asset space, since April 2023. From May 2021 to April 2023, he served as Head of Finance at Algorand Technologies, a Layer-1 blockchain technology company. From September 2018 to May 2021, Mr. Mendes worked at Deloitte, a global professional services firm, most recently as a Senior Manager from August 2019 to May 2021. While at Deloitte, Mr. Mendes advised on multinational corporate restructurings, spin-offs, IPOs, mergers, acquisitions, and private equity transactions, including several years in Deloitte’s Washington National Tax group, with the latter half of his tenure focused on blockchain and digital asset-related matters. Mr. Mendes is a licensed CPA in Florida and Washington, D.C., holds a B.B.A. in International Business and Accounting from Temple University, an Executive M.S.T. in Taxation from Florida Atlantic University, and completed the Executive Program in Finance at Columbia Business School. Mr. Mendes has extensive experience in corporate governance, risk management, and capital allocation strategies. He is recognized for his expertise in designing and overseeing treasury management frameworks, including the management of company digital asset treasuries, with a focus on optimizing tax efficiency, liquidity, and long-term shareholder value. His leadership is characterized by a strong ability to bridge regulatory compliance with strategic growth, making him a valuable contributor to public company boards that navigate emerging financial technologies and evolving governance expectations.
Xiao-Xiao J. Zhu has served as Digital Operating Partner at KKR since April 2021, where he leads technology-driven value creation, innovation, and digital transformation at the board and senior management levels of European private equity portfolio companies, including Axel Springer, GfK, and Roompot Landal. He also leads KKR’s global Digital Assets & Blockchain strategy, for which he led investments in foremost Crypto VCs such as Dragonfly Capital, Ethereal Ventures, and ParaFi, as well as Digital Assets companies such as Anchorage Digital. He is a regular speaker at key Digital Assets & AI conferences such as Token2049 Dubai, Blockworks Digital Assets Summit, Financial Times Crypto Summit, Proof of Talk Paris, Out East Summit, AI Rush, London Tech Week or London City Week, and is an angel investor in fast growing early stage technology companies such as Fuse Energy (founded by ex-Revolut Chief Revenue Officer) or Anagram (founded by Solana Foundation President and ex-Polychain Capital President). Prior to joining KKR, he worked at BCG from January 2014 until April 2021. He was General Manager at BCG Digital Ventures in London and Beijing from 2016 to 2021. During this time, he founded, launched, and scaled new digital companies, including Heycar.co.uk (backed by Volkswagen & Daimler) and Tracr.com (backed by De Beers). He began his career in management consulting, advising Fortune 500 companies at the Boston Consulting Group in London. Notably, in an earlier life, he performed as a professional concert pianist at some of the world’s most prestigious concert venues, including the Berlin Philharmonie, and played for global leaders such as George H.W. Bush, Helmut Kohl, and Mikhail Gorbachev. He holds an MSc in Managerial Economics & Strategy from the London School of Economics, a BA in Philosophy & Economics from Humboldt University Berlin, and a Master’s in Concert Piano from the Berlin University of the Arts.
Advisory Board
- Founder & Managing Partner, SkyBridge Capital
- Founder & Chairman of SALT
- Ex-White House Communications Director
- Head of Coinbase Institutional
- Ex-Head of Digital, Barclays
- Ex-Head of Structured Finance, J.P. Morgan