Why This Wall Street Veteran Is Betting on Avalanche
Layer One · July 9, 2026, 6:54AM EDT · 40:39
Bart Smith, CEO of Avalanche Treasury Company (AVAT), joins the Layer One podcast to explain the thesis behind treasury companies as a way to get regulated, permanent-capital exposure to AVAX and the Avalanche ecosystem. He also covers his Wall Street/ETF background, why real-world-asset tokenization needs “productive” assets to matter, and why he thinks crypto’s investment thesis is stronger than ever.
OUTLINE
00:00 – Introduction
01:22 – What Is AVAT?
03:59 – Wall Street Roots & Crypto’s Rise
06:19 – The Bitcoin ETF Bet
08:58 – Hiring a COO
11:13 – Why Own AVAT?
15:56 – Scaling Avalanche & RWAs
22:54 – DeFi, TradFi & AI Fears
33:03 – Policy Risks & RWA Forecast
40:08 – Closing Thoughts
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Guest links:
Bart Smith – https://twitter.com/gbartsmith
AVAT – https://twitter.com/avat_co
Host links:
Kelvin Sparks – https://twitter.com/imyoungsparks
John Wu – https://twitter.com/John1wu
The Block – https://twitter.com/TheBlockCo
Ava Labs – https://twitter.com/avalabs
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