Avalanche's $300M Tokenization Bet: Can SkyBridge Spark a New Era?

Avalanche (AVAX) is emerging as a key player in the tokenization of real-world assets (RWA) and stablecoins, drawing attention from both institutional investors and developers in 2025. The recent partnership between SkyBridge Capital, a prominent investment firm founded by Anthony Scaramucci, and Avalanche highlights this trend. SkyBridge plans to tokenize $300 million from two of its funds on the Avalanche blockchain, which currently supports nearly $2 billion in assets. This represents about 10% of SkyBridge’s assets under management, underscoring growing confidence in blockchain-based financial infrastructure. One of the tokenized funds focuses on non-SEC-registered cryptocurrencies, while the other is a fund-of-funds encompassing SkyBridge’s venture and crypto portfolios [1].

The move by SkyBridge aligns with Avalanche’s broader push to become a hub for RWA and stablecoin issuance. Avalanche’s infrastructure supports tokenization through its multi-chain architecture, which includes the X-Chain for asset creation and transfer, the C-Chain for smart contracts, and the P-Chain for validator coordination and subnet creation. Subnets—custom blockchains with tailored rules—have enabled Avalanche to attract diverse projects, from tokenized real estate to NFT platforms and decentralized finance (DeFi) protocols. Recent developments include a $250 million RWA plan by Grove, a credit protocol under the Sky ecosystem, and a collaboration with Janus Henderson Anemoy to tokenize credit products on Avalanche [1].

Despite its technical strengths, AVAX has faced volatility in 2025, with its price dropping to $22.84 as of August 20, a 6% decline in 20 hours and a 47% fall year-to-date. Trading volume has also declined by 23% in the last 24 hours, underperforming the broader crypto market’s 7% dip. Analysts note that AVAX is trading at a significant discount to its all-time high of $147.50 and faces potential downward pressure from an upcoming token unlock event worth $42 million, which could increase supply and drive prices lower. However, the deflationary mechanism of fee burns—where gas fees are permanently removed from circulation—provides a structural tailwind for AVAX over the long term [2].

In the altcoin space, Avalanche is competing with other Layer-1 platforms for dominance in RWA and DeFi. While AVAX underperformed peers like BERA and STRK in both daily and weekly price changes, it remains in the top 10 Layer-1 assets by weekly performance. The network’s on-chain activity has surged in the second quarter of 2025, with daily transactions and active addresses growing by 169.9% and 210.4%, respectively. Key projects, such as MapleStory N and the FIFA Blockchain, have contributed to this growth, reinforcing Avalanche’s ecosystem appeal [1].

Looking ahead, Avalanche’s roadmap includes continued expansion into social finance (SocialFi) and cross-chain integrations. The launch of Arena, a SocialFi application, and Avalanche’s collaboration with Visa to expand stablecoin support highlight its efforts to diversify use cases. Meanwhile, the recent token unlock and market conditions suggest that AVAX is in a consolidation phase, with potential for a breakout depending on how the market absorbs the increased supply. Analysts remain cautious but acknowledge Avalanche’s unique architecture and growing institutional interest as long-term positives [1].

Source:

[1] Anthony Scaramucci's SkyBridge Capital to tokenize $300... (https://fortune.com/crypto/2025/08/19/anthony-scaramucci-skybridge-capital-tokenization-avalanche/)

[2] Avalanche Price, AVAX Price, Live Charts, and Marketcap (https://www.coinbase.com/price/avalanche)