SkyBridge Tokenizes $300M Hedge Fund Assets on Avalanche via Tokeny

SkyBridge Capital, the New York-based investment firm founded by Anthony Scaramucci, has announced the tokenization of $300 million in hedge fund assets using the Avalanche blockchain. The initiative, carried out in collaboration with the tokenization platform Tokeny, involves the digitization of two of SkyBridge’s funds—one focused on non-security cryptocurrencies such as Bitcoin, and the other as a fund of funds encompassing the firm’s broader investment vehicles [1]. This represents roughly 10% of the firm’s total assets under management and marks a strategic shift toward blockchain-based asset management [2].

The tokenization process is expected to enhance liquidity, transparency, and efficiency by leveraging Avalanche’s high-performance blockchain infrastructure, which supports low transaction fees and fast settlement times [1]. Tokens representing the assets will be issued on the Avalanche network, which already holds nearly $2 billion in total assets, according to data from DefiLlama [1]. Tokeny, a Swiss-based expert in asset digitization, will play a key role in deploying the tokens, ensuring regulatory and technical compliance [1].

This move is projected to significantly increase the value of tokenized real-world assets (RWA) on Avalanche. The platform’s tokenized assets are expected to surge from $188 million to over $488 million as a result of SkyBridge’s initiative [1]. This growth aligns with broader institutional trends, as firms like BlackRock and JPMorgan have also begun tokenization efforts to modernize financial infrastructure [1].

The initiative reflects a cautious yet innovative approach to blockchain adoption. Unlike tokenized securities, which face complex regulatory requirements, SkyBridge’s move focuses on non-security assets, such as Bitcoin and diversified fund structures, reducing regulatory friction [1]. Anthony Scaramucci, a long-time advocate for digital assets, views tokenization as a key driver of financial innovation and is positioning SkyBridge at the forefront of this transition [2].

SkyBridge’s tokenization initiative is not just a technical upgrade but a strategic signal to the financial industry. It demonstrates how traditional investment firms can integrate blockchain technology to streamline asset management and increase accessibility for investors. As the financial and blockchain sectors continue to converge, SkyBridge’s decision underscores the growing confidence in digital solutions among institutional players [1].

Source:

[1] IndexBox – SkyBridge Capital Tokenizes $300M on Avalanche

https://www.indexbox.io/blog/skybridge-capital-tokenizes-300m-on-avalanche/

[2] OpenExO – Scaramucci's Skybridge Capital to Tokenize $300M in Hedge Funds on Avalanche

https://openexo.com/feed/item/scaramuccis-skybridge-capital-to-tokenize-300m-in-hedge-funds-on-avalanche