TLDR

SkyBridge Capital will tokenize $300 million in hedge funds on Avalanche blockchain, nearly doubling the network’s RWA base
The firm plans to bring two funds on-chain: Digital Macro Master Fund and Legion Strategies using ERC-3643 token standard
Partnership includes Tokeny and Apex Group, which manages over $3.5 trillion in assets
RWA tokenization market has grown 64.7% in 2025, reaching $26.4 billion from $15.8 billion in December 2024
Avalanche currently has $188 million in RWA tokenization value, ranking 12th among all blockchains

SkyBridge Capital, the investment management firm founded by Anthony Scaramucci, will tokenize $300 million worth of hedge funds on the Avalanche blockchain. The move represents one of the largest commitments to real-world asset tokenization by a traditional finance firm.

The company plans to bring two specific funds on-chain through this initiative. These include the Digital Macro Master Fund, which focuses exclusively on cryptocurrencies like Bitcoin, and Legion Strategies, described as a “fund of funds” containing both venture capital and crypto assets.

SkyBridge has partnered with Tokeny, a tokenization specialist, to execute the project. Tokeny’s parent company, Apex Group, manages more than $3.5 trillion in assets globally and acquired Tokeny earlier this year to expand its blockchain capabilities.

The tokenization will use the ERC-3643 token standard with operational support from Apex’s Digital 3.0 platform. This platform handles the technical aspects of issuance, administration, and distribution for tokenized assets.

Growing Market for Tokenized Assets

The real-world asset tokenization market has experienced rapid growth in 2025. Market value jumped from $15.8 billion on December 30, 2024, to $26.4 billion by Monday, representing a 64.7% increase in less than two months.

Private credit represents the largest segment of tokenized assets at $15.5 billion, accounting for 58.8% of the total market. Tokenized US Treasurys follow as the second-largest category at $7.3 billion, making up 27.7% of the market.

Traditional asset managers have increasingly embraced tokenization technology. BlackRock’s BUIDL fund, Franklin Templeton’s BENJI, and funds from Ondo and WisdomTree demonstrate institutional interest in blockchain-based asset management.

At the Wyoming Blockchain Symposium on Tuesday, Scaramucci addressed the potential of tokenization technology. He stated the key question is whether tokenization can enable faster, cheaper, and more secure transactions compared to current systems.

Impact on Avalanche Network

The $300 million commitment would boost Avalanche’s tokenized asset base by nearly 160%. Currently, Avalanche hosts $188 million in real-world asset tokenization value according to RWA.xyz data, ranking 12th among all blockchains.

Source: RWA.xyz

Avalanche has positioned itself as a hub for tokenized assets beyond traditional financial products. Bergen County in New Jersey uses the Avalanche network to digitize property deeds representing $240 billion in real estate, aiming to combat fraud and reduce processing times.

SkyBridge Capital manages $2 billion in total assets according to AUM13F data. The firm was founded by Scaramucci in 2005, and he briefly served as director of communications during the first Trump administration.

Other firms have announced similar tokenization initiatives across different blockchain networks. Securitization firm VERT Capital plans to tokenize $1 billion of debt and receivables on the XDC network and launched a tokenized credit platform on XRP Ledger.

The partnership between SkyBridge, Tokeny, and Apex Group represents a collaboration between traditional finance and blockchain technology. Industry reports from McKinsey, Ripple, and BCG project the tokenized RWA market could reach trillion-dollar valuations by 2030.

The post Scaramucci’s SkyBridge Bets Big on Blockchain with $300M Tokenization Move appeared first on CoinCentral.

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Filed under: News - @ August 20, 2025 8:29 am