SkyBridge Capital Tokenizes $300M Funds on Avalanche
SkyBridge Capital, led by Anthony Scaramucci, is tokenizing $300 million across two hedge funds on the Avalanche network. The Digital Macro Master Fund and Legion Strategies will be issued as compliant tokens under the ERC-3643 standard.
Tokeny’s Digital 3.0 platform, backed by Apex Group’s $3.5 trillion in assets, will manage issuance, administration and distribution. This tokenization, representing 10% of SkyBridge’s AUM, aims to boost liquidity, transparency and settlement speed for traditional funds.
Peers like VERT Capital plan to migrate $1 billion of debt to the XDC network, and Securitize offers tokenized shares on the XRP Ledger. Digital assets doubled to $26 billion last year and could hit $1 trillion by 2030.
Scaramucci predicts 2026–27 as the real-world asset tokenization era. Avalanche’s infrastructure is also eyed for a $240 billion New Jersey property digitization project.
Bullish
Tokenization of $300M hedge funds on Avalanche signals growing institutional demand for on-chain assets. In the short term, it may drive increased AVAX trading volume as institutions acquire tokens and integrate with DeFi platforms. Over the long term, this move validates Avalanche’s infrastructure for real-world asset tokenization, likely attracting more issuers and boosting network effects. The involvement of apex platforms like Tokeny and major projects such as the New Jersey property digitization indicates sustained utility for AVAX, supporting a bullish outlook.