SkyBridge Capital’s $300M Tokenization on Avalanche Signals New Era for Institutional Crypto

SkyBridge Capital, the investment firm led by Anthony Scaramucci, is poised to significantly expand its on-chain presence through the tokenization of approximately $300 million from two of its investment funds. This strategic move, representing about 10% of SkyBridge’s total assets under management, underscores a growing institutional embrace of blockchain technology to enhance traditional financial offerings. The initiative highlights the firm’s conviction in the future of asset tokenization, a process Scaramucci himself has characterized as defining the “era of real-asset tokenization” in the 2026–2027 timeframe.

• SkyBridge Capital plans to tokenize $300 million from two investment funds.
• This initiative constitutes approximately 10% of the firm’s total assets under management.
• The move signals increasing institutional adoption of blockchain technology in finance.
• Anthony Scaramucci envisions this as the beginning of the “era of real-asset tokenization.”
• The tokenized funds will be issued on the Avalanche blockchain, in partnership with Tokeny.

SkyBridge Capital’s Strategic On-Chain Expansion

Details of Tokenized Funds

This tokenization effort will encompass two distinct funds. One fund is dedicated to cryptocurrencies that are not classified as securities by the U.S. Securities and Exchange Commission, reflecting a nuanced approach to digital asset exposure. The second fund is structured as a fund of funds, blending the firm’s venture capital and broader crypto investments. Both tokenized funds are slated for issuance on the Avalanche blockchain, a network that currently manages nearly $2 billion in assets, according to DefiLlama. SkyBridge Capital will collaborate with Tokeny, a specialized tokenization platform, to facilitate the technical execution of this project.

Driving Efficiency Through Tokenization

Benefits and Broader Market Trends

The rationale behind tokenization centers on the potential for increased efficiency, transparency, and reduced reliance on intermediaries within financial processes. John Wu, President of Ava Labs, emphasized that leveraging blockchain infrastructure can significantly lower operational costs and streamline financial transactions. While the adoption of asset tokenization remains in its nascent stages, its proponents argue that it can redefine capital markets by unlocking new liquidity and accessibility.

Evidence of this evolving landscape can be observed across the financial sector. Leading institutions such as BlackRock, Franklin Templeton, and VanEck have already initiated the tokenization of money market funds on various blockchains, including Solana and Aptos. SkyBridge Capital’s venture further solidifies this trend, signaling a broader institutional recognition of blockchain’s capacity to integrate traditional finance with decentralized networks. Should this initiative prove successful, it could catalyze wider adoption of blockchain-based funds, paving the way for more interconnected and technologically advanced global financial markets.