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SkyBridge to Tokenize $300 Million in Two Funds on Avalanche

The plan uses Tokeny’s ERC-3643 framework with Apex’s Digital 3.0 platform to issue on-chain fund interests.

Anthony Scaramucci, founder and CEO of SkyBridge Capital.
Scaramucci's skybridge capital to tokenize $300m in hedge funds on avalanche
SkyBridge Capital to tokenize $300m in hedge funds on Avalanche
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Overview

  • SkyBridge will bring Digital Macro Master Fund Ltd and Legion Strategies Ltd onto the Avalanche blockchain.
  • Roughly 10% of the firm’s assets under management, about $300 million, are slated for tokenization.
  • The issuance will employ the ERC-3643 standard through Tokeny with operations supported by Apex Group, which recently acquired Tokeny and reports more than $3.5 trillion in assets.
  • SkyBridge says moving on-chain is intended to enhance transparency, liquidity and investor access for its hedge fund offerings.
  • No rollout date has been disclosed, as Avalanche expands its roster of real‑world assets that already includes BlackRock’s BUIDL and Franklin’s BENJI.