SkyBridge Tokenizes $300M Hedge Funds on Avalanche Blockchain

SkyBridge Capital, a U.S.-based investment firm founded by Anthony Scaramucci, has announced plans to tokenize $300 million in hedge fund assets on the Avalanche blockchain [1][2]. The initiative involves two of the firm’s funds: the Digital Macro Master Fund Ltd and the Legion Strategies Ltd. These funds will be tokenized using the ERC-3643 standard and deployed on Apex Group’s Digital 3.0 platform, with support from Tokeny, a tokenization services provider recently acquired by Apex Group [2]. The move marks one of the largest institutional tokenization projects in the real-world assets (RWA) space and represents approximately 10% of SkyBridge’s total assets under management [1].

The tokenization effort is part of a broader trend where traditional financial institutions are exploring blockchain to digitize and tokenize real-world assets such as private credit, stocks, and commodities [2]. SkyBridge’s initiative is expected to enhance liquidity, streamline settlement times, and improve transparency, aligning with the benefits that blockchain technology can offer to asset management [2]. The firm has joined a growing list of asset managers leveraging blockchains like Ethereum, Solana, and Avalanche to bring real-world assets onchain [2].

Avalanche has become an attractive platform for institutional tokenization due to its high transaction throughput, low costs, and flexible subnet architecture [2]. Other major asset managers, including BlackRock and Franklin Templeton, have also deployed RWA products on Avalanche, with a total value of $187.9 million currently onchain [2]. SkyBridge’s entry into the space reinforces Avalanche’s position as a leading blockchain for institutional-grade RWA tokenization.

The partnership with Tokeny and Apex Group is central to the success of the initiative. Tokeny provides the necessary tokenization infrastructure, while Apex Group ensures compliance with regulatory standards [1]. According to Daniel Coheur, global head of digital assets at Apex Group and co-founder of Tokeny, the collaboration demonstrates how institutional-grade technology can overcome operational barriers to tokenization [1].

Anthony Scaramucci, founder and CEO of SkyBridge, emphasized that the move represents a significant step in modernizing the alternative investment landscape [1]. He has previously noted that the RWA tokenization era is expected to reach full scale between 2026 and 2027 [2]. The tokenization of high-value, traditionally illiquid assets like hedge fund shares could redefine how such investments are structured, traded, and accessed by a broader range of investors.

Despite the progress, challenges remain. Regulatory frameworks are still evolving, and integrating blockchain with traditional financial systems requires technical and operational expertise [2]. However, SkyBridge’s initiative signals growing institutional confidence in the long-term potential of RWA tokenization.

By tokenizing $300 million in hedge funds on Avalanche, SkyBridge is not only diversifying its investment strategy but also contributing to the institutional adoption of blockchain technology [1]. As more firms follow suit, the financial industry may see increased innovation and integration with decentralized infrastructure, further blurring the lines between traditional and digital finance.

Source:

[1] SkyBridge Capital to tokenize $300m in hedge funds on... (https://crypto.news/skybridge-capital-to-tokenize-300m-in-hedge-funds-on-avalanche/)

[2] Anthony Scaramucci's SkyBridge Capital to Tokenize $300... (https://blockster.com/anthony-scaramuccis-skybridge-capital-to-tokenize-300m-on-avalanche)

[3] SkyBridge Tokenization: A Revolutionary $300M Leap... (https://bitcoinworld.co.in/skybridge-tokenization-avalanche-leap/)