Blockchain Pioneers: SkyBridge Leaps into Tokenized Future

SkyBridge Capital, a prominent hedge fund founded by Anthony Scaramucci, has announced a significant move into the blockchain space by planning to tokenize $300 million of its assets on the Avalanche blockchain. This initiative marks a strategic step by SkyBridge to leverage blockchain technology for enhancing liquidity, transparency, and efficiency in asset management. The firm’s decision aligns with broader trends among financial institutions, including BlackRock, JPMorgan, and Citi, which have also been exploring tokenization as a means to modernize traditional finance [1].

Tokenization involves converting real-world assets into digital tokens that can be traded on a blockchain. This process allows for greater efficiency in asset transfers, reduces the need for intermediaries, and opens up new opportunities for fractional ownership and 24/7 trading. For SkyBridge, tokenization is expected to streamline operations by reducing settlement times, lowering transaction costs, and providing a transparent, immutable record of ownership. These advantages are not unique to SkyBridge; institutions such as JPMorgan have already developed tokenization platforms like Onyx Digital Assets, which facilitate repo transactions and intraday liquidity on tokenized assets [1].

The Avalanche blockchain, chosen by SkyBridge for this initiative, is known for its high throughput and low fees, making it a suitable platform for large-scale financial applications. Avalanche’s smart contract capabilities and robust infrastructure position it as a competitive choice for institutional-grade tokenization. The firm’s decision to tokenize assets on Avalanche also reflects growing confidence in public blockchain networks to handle complex financial instruments. Earlier in 2025, Centrifuge partnered with S&P Dow Jones Indices to launch the first tokenized S&P 500 Index fund, further demonstrating the maturation of blockchain-based financial products [2].

Despite the promise of tokenization, challenges remain, including regulatory uncertainty, interoperability issues, and the need for robust infrastructure. However, major players like BlackRock, JPMorgan, and Citi have already made tokenization a core part of their strategic offerings. BlackRock, for example, has integrated tokenized assets into its Aladdin platform and launched the BUIDL fund on Ethereum. Similarly, JPMorgan has developed JPM Coin and Onyx Digital Assets to facilitate institutional settlement and liquidity management. These developments suggest that tokenization is not just an experimental concept but a transformative force in the asset management industry [1].

SkyBridge’s entry into the tokenized asset space is expected to influence market dynamics by increasing the supply of tokenized products and encouraging wider adoption. The firm’s substantial capital commitment to tokenization signals confidence in the technology’s ability to reshape traditional finance. As more institutional players follow suit, the market for tokenized assets is anticipated to grow significantly. Boston Consulting Group estimates that the tokenization market could reach $16 trillion by 2030, driven by increasing demand for efficiency, transparency, and accessibility in financial transactions [1].

While the future of tokenization is promising, the industry still faces challenges in achieving a universal standard for blockchain protocols. Experts suggest that a single, scalable ledger could eventually unify the market, similar to how TCP/IP standardized internet communication. Until then, the focus will remain on interoperability, regulatory alignment, and the development of robust infrastructure to support cross-chain transactions and large-scale adoption. SkyBridge’s tokenization initiative, therefore, is not just a technological experiment but a strategic move that positions the firm at the forefront of a financial revolution driven by blockchain and tokenization [1].

Source:

[1] Wall Street’s revolution: BlackRock, JPM, Citi bets on tokenization (https://coingeek.com/wall-street-revolution-blackrock-jpm-citi-bets-on-tokenization/)

[2] Tokenization (https://cointelegraph.com/tags/tokenization)