- SkyBridge Capital will tokenize $300 million worth of assets on the Avalanche blockchain.
- The move will increase Avalanche’s tokenized asset value by nearly 160%.
- Two funds from SkyBridge Capital—one focused on cryptocurrencies and another as a “fund of funds”—will be included.
- SkyBridge Capital is partnering with tokenization firm Tokeny for this project.
- Tokenized real-world assets (RWAs) have seen substantial growth, with markets rising over 64% since December 2024.
SkyBridge Capital, an alternative investment firm led by Anthony Scaramucci, will tokenize $300 million of assets using the Avalanche blockchain. The announcement came at the Wyoming Blockchain Symposium, where the firm outlined plans to use blockchain technology for faster and more secure transactions.
According to Fortune, SkyBridge Capital will tokenize two types of funds: one solely made up of cryptocurrencies like Bitcoin, and a “fund of funds” containing both venture investments and digital assets. To carry out the tokenization, SkyBridge Capital is working with Tokeny, a company specializing in turning institutional assets into digital tokens on blockchains.
“The key question around tokenization is whether it can outperform current systems by enabling faster, cheaper and more secure transactions,” Scaramucci told attendees at the symposium. He added, “I think the answer to those questions [is] ‘Yes,’ and I think throughout history, any time that the technology is better, we typically adopt it, even if there’s some resistance.”
Avalanche, a layer-1 blockchain with its own AVAX token, currently has $1.9 billion in total value locked according to DefiLlama. The network holds $188 million in tokenized real-world assets, ranking twelfth among blockchains. The addition of $300 million from SkyBridge Capital will significantly expand Avalanche’s share of this market.
Tokenization transforms traditional investments like bonds, real estate, or funds into digital tokens that can trade on a blockchain, which can improve transparency and lower transaction costs. The trend has drawn interest from traditional asset managers such as BlackRock and Franklin Templeton, who are attracted by the potential to reduce middlemen and enhance investor access.
As of Monday, tokenized private credit accounts for $15.5 billion and tokenized U.S. Treasurys total $7.3 billion, according to RWA.xyz. These segments make up just over 86% of the $26.4 billion real-world asset tokenization market, which has grown more than 64% since December 2024.
SkyBridge Capital manages about $2 billion in assets, according to AUM13F. The uptick in tokenization activity reflects a wider trend in the finance industry, as both crypto-native and traditional institutions move toward blockchain-based investment solutions.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- 1inch DAO Battles 1inch Labs Over Revenue, Decentralisation at Risk
- US State Actor Suspected in Targeting Russian Solana Devs With Malware
- Ethereum ETFs See $197M Outflow as Unstaking Queue Hits $3.9B
- UK Drops Demand for Apple Encryption Backdoor After US Pushback
- Volkswagen Singapore Now Accepts Bitcoin for Car Payments
