Bridge Capital company plans to convert $300 million worth of hedge funds into digital tokens on the Avalanche blockchain platform.
SkyBridge Capital Tokenizes $300 Million of Funds on Avalanche Blockchain
SkyBridge Capital, a leading alternative investment management firm, is making a significant move towards modernizing the investment landscape by leveraging blockchain technology. The company is actively tokenizing $300 million of its flagship hedge funds on the Avalanche blockchain [1][2][4].
Two funds, Digital Macro Master Fund Ltd and Legion Strategies Ltd, will be tokenized as part of this initiative. The former is primarily cryptocurrency-based, while the latter comprises venture and crypto assets [1][2][4][5]. This move is expected to nearly double Avalanche's real-world asset (RWA) token base, boosting its RWA token value by about 160% [2].
The use of Avalanche is strategic due to its scalable, low-cost, and fast blockchain infrastructure. Avalanche supports thousands of transactions per second with final transaction times under two seconds, making it ideal for institutional-grade digital asset management [3].
The tokenized funds will primarily be available to accredited investors. They will leverage the ERC-3643 standard and tap into Apex Group's Digital 3.0 platform for issuance and administration [4].
This trend towards real-world asset tokenization is growing within traditional finance. In 2025 alone, it grew over 64%. The benefits driving this trend include increased transparency, enhanced liquidity, operational efficiency, and greater accessibility [1][2][3].
Anthony Scaramucci, SkyBridge's CEO and a vocal advocate for integrating digital assets with traditional finance, envisions tokenization as a fundamental modernization of the alternative investment landscape. He believes it could usher in a new era of financial innovation centered on blockchain technology [1][5].
Despite a pullback in AVAX price, the Avalanche network has seen an increase in activity, indicating growing institutional confidence in blockchain networks like Avalanche for secure, efficient, and scalable management of alternative assets. This move by SkyBridge Capital is both a pioneering institutional project and a strong example of how tokenization is reshaping traditional finance by bridging conventional asset management with blockchain’s advantages.
References:
[1] SkyBridge Capital. (2025). SkyBridge Capital to Tokenize $300 Million of Funds on Avalanche Blockchain. Retrieved from https://www.skybridgecapital.com/news/skybridge-capital-to-tokenize-300-million-of-funds-on-avalanche-blockchain
[2] CoinDesk. (2025). SkyBridge Capital to Tokenize $300 Million of Hedge Funds on Avalanche. Retrieved from https://www.coindesk.com/business/2025/08/01/skybridge-capital-to-tokenize-300-million-of-hedge-funds-on-avalanche/
[3] Avalanche. (2021). Avalanche: The Fastest Smart Contract Platform in the Blockchain Industry. Retrieved from https://www.avalanche.org/
[4] Tokeny. (2025). Apex Group Acquires Tokeny to Expand Tokenization Offerings. Retrieved from https://www.tokeny.com/news/apex-group-acquires-tokeny-to-expand-tokenization-offerings
[5] Forbes. (2025). Anthony Scaramucci on the Future of Digital Assets and SkyBridge Capital. Retrieved from https://www.forbes.com/sites/anthonyscaramucci/2025/08/01/anthony-scaramucci-on-the-future-of-digital-assets-and-skybridge-capital/?sh=5879118c385d
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