SkyBridge Tokenizes $300M in Funds Using Avalanche Blockchain

SkyBridge Capital, the New York-based investment firm founded by former White House Communications Director Anthony Scaramucci, announced it will tokenize approximately $300 million in assets on the Avalanche blockchain. This represents roughly 10% of the firm’s assets under management and involves two of its funds: one directly invested in cryptocurrencies and the other allocating capital across venture and crypto-focused vehicles. The move is executed through a partnership with Tokeny and Apex Group, leveraging the ERC-3643 token standard and Apex’s Digital 3.0 platform for issuance, administration, and distribution [1].

Avalanche, a blockchain platform known for its high throughput, sub-second transaction finality, and customizable subnets, has emerged as a leading hub for the tokenization of real-world assets. Its infrastructure supports tokenized bonds, real estate, and structured financial products, making it an appealing choice for institutional-grade tokenization initiatives. SkyBridge’s commitment is one of the largest hedge fund investments in Avalanche’s ecosystem to date, signaling growing institutional confidence in blockchain’s role in asset management [2].

The tokenization process involves creating digital tokens that represent ownership in real-world assets, offering benefits such as fractional ownership, 24/7 settlement, and global access for investors. Scaramucci has long been an advocate for digital assets and blockchain adoption, having previously disclosed significant Bitcoin positions and launched the SkyBridge Bitcoin Fund in 2020. Despite prior challenges, including exposure to the collapsed FTX exchange, the firm remains bullish on blockchain’s potential to drive efficiency and liquidity in traditionally illiquid markets [1].

SkyBridge’s initiative aligns with a broader trend of asset managers exploring blockchain technology for traditional financial instruments. Firms such as VERT Capital and Securitize are also experimenting with tokenization across different blockchains. Industry observers suggest that the real-world asset tokenization market could grow into a trillion-dollar industry by 2030 [2]. As of now, Avalanche supports nearly $2 billion in tokenized assets, with other use cases including Bergen County’s digitization of $240 billion in property deeds [1].

Scaramucci emphasized that the project exemplifies the convergence of traditional finance and blockchain technology. He described the initiative as a step toward creating “smarter, more efficient investment solutions,” highlighting how tokenization can bridge the gap between legacy financial systems and the next generation of digital finance [2].

Source:

[1] SkyBridge Capital to Tokenize $300M in Hedge Funds on Avalanche

https://www.coindesk.com/business/2025/08/19/scaramucci-s-skybridge-capital-to-tokenize-usd300m-in-hedge-funds-on-avalanche

[2] SkyBridge Capital Announces Tokenization of $300M on Avalanche

https://fortune.com/crypto/2025/08/19/anthony-scaramucci-skybridge-capital-tokenization-avalanche/