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SkyBridge Capital plans to tokenize $300 million hedge fund on Avalanche
2025-08-20 01:23

Odaily Planet Daily News: Anthony Scaramucci's investment management company SkyBridge Capital plans to tokenize its $300 million hedge fund on the Avalanche network. The company will work with tokenization provider Tokeny and its parent company Apex Group to bring its Digital Macro Master Fund and Legion Strategies to the chain. Apex Group manages over $3.5 trillion in assets and acquired Tokeny earlier this year. This tokenization will adopt the ERC-3643 standard, and Apex's Digital 3.0 platform will provide issuance, management and distribution support. RWA.xyz data shows that the tokenized RWA market size has doubled to $26 billion in the past year, and many institutions predict that it may grow to the trillion-dollar level by 2030. (CoinDesk)