KEY TAKEAWAYS
- SkyBridge Capital plans to tokenize $300 million of its hedge funds on the Avalanche blockchain, enhancing transparency and liquidity.
- The collaboration with Tokeny and Apex Group aims to modernize the alternative investment landscape through blockchain technology.
- Avalanche’s institutional-grade architecture supports large-scale tokenization, offering speed and regulatory clarity.
- This initiative marks a significant step in the adoption of blockchain for real-world assets in the financial sector.
SkyBridge Capital has announced plans to tokenize $300 million of its flagship hedge funds on the Avalanche blockchain network. This initiative marks a significant collaboration with Tokeny, a leader in enterprise-grade tokenization, and its parent company, Apex Group Ltd., a global financial services provider managing over $3.5 trillion in assets.
Anthony Scaramucci, Founder and CEO of SkyBridge Capital, emphasized the importance of this move, stating that tokenizing their funds on Avalanche, with support from Tokeny and Apex Group, represents a major step in modernizing the alternative investment landscape. He noted that this transition aims to enhance transparency, liquidity, and accessibility for investors, while demonstrating the synergy between traditional finance and blockchain technology.
Tokenization Strategy and Infrastructure
Under the agreement, SkyBridge will tokenize its Digital Macro Master Fund Ltd and Legion Strategies Ltd using the ERC-3643 standard. The operational infrastructure will be provided through Apex Group’s Digital 3.0 platform. This platform offers a comprehensive solution for the investment lifecycle, enabling institutional clients to transition their funds to blockchain-based systems seamlessly.
Daniel Coheur, Global Head of Digital Assets at Apex Group and Co-Founder of Tokeny, highlighted the significance of this milestone. He stated that the collaboration with SkyBridge demonstrates that large-scale tokenization is feasible with the right technology, trusted operators, and regulatory clarity.
Avalanche’s Role in Institutional Tokenization
Avalanche was chosen for its institutional-grade architecture, which provides the transaction speed and near-instant finality necessary for large-scale tokenization. As a leading blockchain for real-world assets, Avalanche’s ecosystem supports regulated offerings in tokenized money market funds and private credit, among others.
John Wu, President of Ava Labs, remarked that the partnership with Tokeny, Apex Group, and SkyBridge signifies a pivotal moment for institutional adoption. He noted that SkyBridge Capital’s leadership within the allocator community validates Avalanche’s position as a premier platform for connecting capital.
This collaboration combines next-generation technology, enterprise-grade infrastructure, and institutional credibility, which are essential for accelerating the adoption of real-world assets across hedge funds and other investment vehicles.
For more information, the announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
SkyBridge Capital’s decision to tokenize $300 million of its hedge funds on the Avalanche blockchain signifies a major shift in the adoption of blockchain technology within traditional finance. This move aims to enhance transparency and liquidity for investors.
Recent industry reports indicate that hedge fund tokenization is becoming mainstream, powered by clear regulations, institutional demand, blockchain maturity, and comprehensive compliance infrastructures. This aligns with SkyBridge’s initiative to tokenize its funds, demonstrating the growing acceptance and integration of blockchain technology within the financial sector.
As per insights from industry experts, tokenization is viewed as transformative for illiquid assets, allowing fractional ownership and secondary market tradability. This supports the impact of SkyBridge’s move as a significant step towards modernizing the alternative investment landscape through blockchain technology.
Explore More News:
Disclaimer: The views expressed in this article are those of the authors and do not necessarily reflect the official policy of CoinsHolder. Content, including that generated with the help of AI, is for informational purposes only and is not intended as legal, financial, or professional advice. Readers should do their research before taking any actions related to the company and carry full responsibility for their decisions.
