{"id":8248,"date":"2025-08-19T17:58:39","date_gmt":"2025-08-19T17:58:39","guid":{"rendered":"https:\/\/bitunikey.com\/news\/skybridge-capital-to-tokenize-300m-in-hedge-funds-on-avalanche\/"},"modified":"2025-08-19T17:58:49","modified_gmt":"2025-08-19T17:58:49","slug":"skybridge-capital-to-tokenize-300m-in-hedge-funds-on-avalanche","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/skybridge-capital-to-tokenize-300m-in-hedge-funds-on-avalanche\/","title":{"rendered":"SkyBridge Capital to tokenize $300m in hedge funds on Avalanche"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">SkyBridge Capital, an investment firm founded by Anthony Scaramucci, plans to tokenize $300 million worth of assets on Avalanche.<\/p>\n<div id=\"cn-block-summary-block_a5b602ed0053ac21f850344df0f7a917\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Anthony Scaramucci\u2019s SkyBridge Capital plans to tokenize $300 million in two funds on Avalanche.<\/li>\n<li>SkyBridge Capital will partner with Tokeny on the initiative.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>SkyBridge Capital <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tokeny.com\/skybridge-capital-partners-with-tokeny-to-tokenize-300min-hedge-funds-on-avalanche\" target=\"_blank\">announced<\/a> the project on August 19,\u00a0 noting that the company is looking to tokenize $300 million in two funds on the Avalache (AVAX) blockchain. The initiative is a collaboration between SkyBridge Capital and Tokeny, an enterprise-grade tokenization platform recently acquired by $3.5 trillion financial services firm Apex Group Ltd.<\/p>\n<p>SkyBridge Capital joins a host of traditional finance firms and institutions that are tapping into the tokenization trend.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Avalanche and the tokenization trend<\/h2>\n<p>With real-world assets such as Treasury bills, stocks, commodities and private credit coming onchain to leverage benefits of blockchain trading, asset managers like BlackRock, Fidelity and others have taken advantage. <\/p>\n<p>Many RWA assets are onchain via Ethereum, Solana, Stellar, Avalanche and Arbitrum among others, allowing investors access to real-world assets much like crypto natives do with Bitcoin (BTC) and other digital assets.\u00a0<\/p>\n<p>Scaramucci\u2019s SkyBridge is looking to join this growing group.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTokenizing our funds on Avalanche, supported by the technology and operational infrastructure of Tokeny and Apex Group, represents a significant step forward in modernizing the alternative investment landscape,\u201d SkyBridge Capital founder and chief executive officer Anthony Scaramucci, said.<\/p>\n<\/blockquote>\n<p>The two tokenized funds to be deployed on Avalanche will account for approximately 10% of the SkyBridge Capital\u2019s assets under management.\u00a0<\/p>\n<p>One is the Digital Macro Master Fund Ltd and the other is the Legion Strategies Ltd. Both funds will leverage the ERC-3643 standard and tap into Apex Group\u2019s Digital 3.0 platform.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis milestone shows how Apex Group and Tokeny are breaking down the operational and technology barriers that have historically slowed institutional tokenization. SkyBridge\u2019s tokenization on Avalanche proves that with the right technology, trusted operators, and regulatory clarity, tokenization at scale is not just possible, it\u2019s happening,\u201d said Daniel Coheur, global head of digital assets at Apex Group and co-founder of Tokeny.<\/p>\n<\/blockquote>\n<p>RWA onchain deployed on the Avalanche network include the BlackRock USD Institutional Liquid Fund, or BUIDL, and the Franklin Onchain U.S. Government Money Fund, or BENJI.\u00a0<\/p>\n<p>According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.rwa.xyz\/networks\/avalanche\" target=\"_blank\">rwa.xyz<\/a>, the total value of real-world assets on Avalanche currently stands at $187.9 million.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SkyBridge Capital, an investment firm founded by Anthony Scaramucci, plans to tokenize $300 million worth of assets on Avalanche. Summary Anthony Scaramucci\u2019s SkyBridge Capital plans to tokenize $300 million in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":8249,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=8248"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8248\/revisions"}],"predecessor-version":[{"id":8250,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/8248\/revisions\/8250"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/8249"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=8248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=8248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=8248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}