AVAT Launches Public Offering for Direct Institutional AVAX Exposure

A new public company, AVAT, aims to democratize access to Avalanche’s native token, AVAX, for institutional investors through a $675 million initial public offering. AVAT will list on Nasdaq in early 2026 and plans to offer investors a 0.77x multiple of net asset value—a 23% discount compared to buying AVAX directly or through an exchange-traded fund, making it a compelling entry point for institutional involvement in the burgeoning Avalanche ecosystem.