SkyBridge Capital to Tokenize $300M in Hedge Funds on Avalanche - Institutional Adoption Accelerates

Wall Street meets Web3 as SkyBridge Capital drops a $300 million bombshell—hedge funds are going digital on Avalanche.

The Tokenization Tsunami

Forget paper certificates and quarterly statements. SkyBridge's move slashes through legacy infrastructure like a hot knife through butter. They're bypassing traditional custody solutions and throwing institutional weight behind blockchain settlement.

Why Avalanche?

Sub-second finality and custom blockchain environments made the case. The platform handles Wall Street's volume without breaking a sweat—or charging investment banking fees.

The Cynical Take

Because nothing says 'innovation' like finding new ways to package risk for accredited investors. At least this time they're using a blockchain instead of Excel spreadsheets.

This isn't a test—it's a full-scale assault on financial tradition. The institutions aren't coming. They're already here.

Avalanche and the tokenization trend

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.

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. 

Scaramucci’s SkyBridge is looking to join this growing group.

“Tokenizing 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,” SkyBridge Capital founder and chief executive officer Anthony Scaramucci, said.

The two tokenized funds to be deployed on Avalanche will account for approximately 10% of the SkyBridge Capital’s assets under management. 

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’s Digital 3.0 platform.

“This milestone shows how Apex Group and Tokeny are breaking down the operational and technology barriers that have historically slowed institutional tokenization. SkyBridge’s tokenization on Avalanche proves that with the right technology, trusted operators, and regulatory clarity, tokenization at scale is not just possible, it’s happening,” said Daniel Coheur, global head of digital assets at Apex Group and co-founder of Tokeny.

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. 

According to rwa.xyz, the total value of real-world assets on Avalanche currently stands at $187.9 million.